22 August 2025 - MUFG EMEA and Çalık Enerji Sanayi ve Ticaret A.Ş. (Çalık Enerji), a leading Turkish energy company, active across the value chain, including in engineering, procurement, and construction (EPC), have today signed a Memorandum of Understanding (MoU) during the ninth annual Tokyo International Conference on African Development (TICAD 9) in Yokohama.
The MoU establishes a framework for collaboration on energy and infrastructure projects across Africa. Under the agreement, MUFG may provide financial structuring and coordination support for Çalık Enerji projects in Africa particularly in partnership with Japanese public institutions.
Çalık Enerji’s current pipeline includes gas-fired power plants, transmission infrastructure, and renewable energy projects in countries such as Senegal, Angola, Côte d'Ivoire, Tanzania and Nigeria. The collaboration seeks to leverage Japanese and Turkish expertise to meet Africa’s growing energy and infrastructure needs.
MUFG’s longstanding commitment to Africa focuses on innovative financial structuring such as blended finance and aims to enable opportunities for African borrowers to benefit from Japanese liquidity by utilising MUFG’s global network and strong access to Japan.
Ankit Khandelwal, Head of Africa – Sovereigns, DFIs and Blended Finance, MUFG EMEA., said: “As part of our ongoing commitment to Africa and supporting investment opportunities for our Japanese clients, we are delighted to have signed this MoU with Çalık Enerji. This collaboration aligns with the goals of TICAD 9, emphasising the importance of quality infrastructure, energy transition, and enhanced public-private partnerships to drive sustainable development across the continent.”
Mustafa Aksoy, Board Member, Çalık Enerji, said: “We are proud to sign this MoU with MUFG at TICAD 9, marking a significant step in our shared commitment to advancing sustainable infrastructure across Africa. This collaboration reinforces our dedication to long-term partnerships with leading global institutions and reflects our ambition to drive inclusive and transformational growth on the continent.”