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Turkish energy company Aksa Enerji has signed a $300 million loan agreement with Africa Finance Corporation (AFC) to fund its power plant investments across Africa, the company announced.
The new financing arrangement deepens Aksa Enerji’s push to scale its presence on the continent, reinforcing what it describes as a "sustainable high growth" strategy, the statement said. With this latest deal, the company’s total funding secured from AFC over the past year has reached $450 million.
The company described the partnership as creating "a leverage effect" for ongoing and future projects through its operational capabilities and flexible business model.
Chairman Cemil Kazanci underlined that investments in Africa form a core pillar of Aksa Enerji’s global expansion plans.
"Four of the projects we plan to commission this year are located in Africa," Kazanci noted, adding that the first of these began commercial operations in Ghana in January as a simple cycle plant.
He pointed to ongoing natural gas power plant projects in Senegal and Gabon, emphasizing their role in addressing one of the continent’s most pressing needs—energy supply security.
"We will continue to advance our contribution to energy security in Africa," Kazanci stated.
Founded in 1997 under Kazanci Holding, Aksa Enerji operates across seven countries with an installed power generation capacity of 3,000 megawatts (MW), according to its latest financial report.
The company has identified Africa as its primary expansion focus, with operations through power plants in Ghana, Congo, and Mali, backed by guaranteed power purchase agreements.
In Gabon, Aksa Enerji is developing 145 MW of natural gas capacity, while earlier this year it secured a foreign currency-based guaranteed power purchase agreement for a 119 MW project in Burkina Faso.
The company generated ₺42.4 billion ($1.07 billion) in revenue in 2025, bringing a net profit of ₺3.65 billion.
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