AFC Kickstarts Financing for Burkina Faso’s Biggest Power Plant

Africa Finance Corporation has disbursed the first US$60 million tranche of a US$300 million corporate loan facility for the 119MW thermal power plant in Burkina Faso, the continental infrastructure solutions provider said in a statement on Wednesday.

• •The transaction marks AFC’s first investment in Burkina Faso and will be developed by Aksa Enerji Üretim A.Ş., Türkiye’s largest publicly listed power generation company.
• • The West African country currently imports approximately 60% of its power supply and the new project is expected to reduce that dependence by 50% once it is completed in 2027.
• •The financing builds on AFC’s US$150 million corporate loan facility to Aksa Enerji in 2025, which supported the company’s utility-scale gas-to-power projects in Senegal and Ghana, including a 255MW brand new combined-cycle gas power plant in Senegal.

“Africa’s path to industrialisation and global competitiveness by 2050 depends on the infrastructure decisions we make today. Reliable electricity is fundamental to economic transformation,” Samaila Zubairu, President & CEO of AFC, said.