【Ferro-alloys.com】: Poland has launched a USD 1.1 billion support program through its state-owned BGKbank to help companies enter the African market. The program represents asignificant part of a USD 3 billion investment plan set to roll out in the coming years.

Poland announced that its state-owned Bank Gospodarstwa Krajowego (BGK) has launched a USD 1.1billion program to support companies seeking to enter the African market. The initiative forms a key part of a USD 3 billion investment plan scheduled for the coming years.

Africa currently accounts for just 1.2% of Poland's total exports, but 17 of the 89 markets supported by BGKare in Africa. The move reflects Poland's intention to explore new markets.

Some Polish companies have already started operating in Africa.Steel engineering firm Vistal Gdyniareported it has begun structural projects in Algeria.

BGK's financing model reduces risks for companies through credit and guarantee support, helping themadapt their products to local markets. The program also aims to support private sector partnerships andfacilitate the growth of Polish firms in Africa.

• [Editor:Alakay]