Nigeria has officially handed over the headquarters of the African Energy Bank (AEB), a flagship institution established to mobilise capital for the continent’s energy priorities and strengthen energy value chains. During the event, the President of the African Petroleum Producers’ Organisation (APPO) and Côte d’Ivoire’s Minister of Mines, Petroleum and Energy, Mamadou Colibaly, commended Nigeria’s leadership in advancing the initiative. “The African Energy Bank represents Africa’s commitment to finance, develop and secure its own energy future by Africans, for Africans,” Colibaly said. The African Energy Bank is a joint initiative of APPO member states and the African Export-Import Bank (Afreximbank), established with an initial capital of five billion dollars. The African Energy Bank is a pan-African financial institution jointly established by APPO member states and Afreximbank to provide tailored financing solutions for energy projects across Africa, and to finance and strengthen regional energy markets.

Source: Nigerian Tribune February 03, 2026 10:25 UTC