Mamadou Sangafowa Coulibaly, the Ivorian Minister of Mines, Petroleum and Energy, cutting the ribbon symbolizing the inauguration of the African Energy Bank headquarters, alongside his Nigerian counterpart Heineken Lokpobiri.

The African Energy Bank has reached a significant milestone with the official delivery of its headquarters in Abuja, Nigeria. This development marks a decisive step toward the operational launch of this pan-African financial institution dedicated to supporting the continent’s energy sector.

The headquarters was handed over by Nigerian authorities to the Organization of African Petroleum Producers (APPO), the initiative’s lead body, in partnership with Afreximbank. The ceremony brought together government officials and key stakeholders in Africa’s energy sector, highlighting the strategic importance of the new institution.

Located in Nigeria’s capital, the bank’s headquarters is a crucial prerequisite for its operations. It will house executive teams, administrative services, and governance bodies, paving the way for the bank to begin its financial activities.

The African Energy Bank aims to address the funding gap that has hindered energy projects across Africa. Its focus includes supporting investments in oil, gas, energy infrastructure, and projects linked to the energy transition. The institution seeks to strengthen Africa’s financial independence in the energy sector, particularly in a context where international capital is increasingly constrained.

Over time, the bank plans to mobilize billions of dollars through contributions from APPO member states and strategic financial partnerships. These funds will help African countries manage their energy resources responsibly and improve energy access for their populations.

With the delivery of its Abuja headquarters, the African Energy Bank moves into a concrete phase of implementation. The next steps will involve finalizing its institutional framework, appointing leadership, and officially launching operations in the coming months. This milestone reinforces hopes for an energy financing model led by and for Africa.