BGK boosts funding for Africa
Bank Gospodarstwa Krajowego (BGK) will allocate PLN 7 billion to support Polish exports and overseas investments by 2030, with PLN 4 billion directed toward Africa. The increase—1.5 times more than before—aims to help Polish firms tap the continent’s growing potential.
Currently, 17 of BGK’s 89 supported markets are in Africa, though the region accounts for only 1% of Polish exports. “We see untapped potential and growing opportunities for Polish business,” said Marta Postuła, BGK’s First Vice President.
Through the government’s Financial Export Support program, BGK and KUKE already have PLN 10 billion in exposure to Africa. KUKE President Janusz Władyczak notes Africa hosts many of the world’s fastest-growing economies and is rich in key raw materials.
Since 2009, BGK has backed 136 export deals worth PLN 830 million—mainly in agriculture, mining, construction, and medical sectors.