Poland’s state-owned development bank, Bank Gospodarstwa Krajowego (BGK), has launched a US$1.1 billion program to help Polish companies expand into African markets.

The initiative is part of BGK’s strategy to 2030, aiming to raise Poland’s economic footprint in Africa, which currently constitutes only about 1.2% of Polish exports. The overall export financing program is valued at US$3 billion, with more than half allocated for Africa.

The funding targets both large enterprises and small and medium-sized businesses (SMEs), offering financial tools to help them engage in sectors such as energy, construction, and manufacturing.

This economic strategy aligns with Poland’s goal to diversify trade relations and enhance global competitiveness.