Poland’s state-owned development bank, Bank Gospodarstwa Krajowego (BGK), has announced a US$1.1 billion program designed to support Polish companies in expanding into African markets. This initiative forms part of BGK’s broader strategy through 2030, which seeks to increase Poland’s economic presence on the continent, where Polish exports currently account for only about 1.2% of total trade.
The program is a component of a larger US$3 billion export financing strategy, with over half of the funds specifically earmarked for Africa. By providing targeted financial tools, the initiative aims to assist both large enterprises and small and medium-sized businesses (SMEs) in accessing and growing in sectors such as energy, construction, and manufacturing.
This move reflects Poland’s broader economic objectives to diversify trade partnerships and strengthen its global competitiveness, positioning African markets as a key area for growth and investment.
