The African Energy Bank (BAE) Project has taken a decisive step forward. Indeed, Mamadou Sangafowa-Coulibaly, minister Ivorian of Mines and Petroleum and current President of the Organization of African oil producers (APPO) received the headquarters on Monday, February 2, 2026 temporary Bank in Abuja, Nigeria.

Africa has just entered a concrete phase with the operational establishment of the African Energy Bank, designed to finance the continent's energy projects. The institution thus aims to mobilize own resources in order to reduce the dependence on external funding and to support sovereignty African energetics. Discussed for a long time in African authorities and international, this specialized bank is now moving from the political stage to that of operationalization.

It was designed to respond to the deficit structural financing that affects the African energy sector. Despite significant potential in hydrocarbons, solar, hydraulic and gas, many projects are struggling to see the light of day due to lack of access to finance adapted. International banks are becoming more and more reluctant to support certain energy projects, while the needs of the continent remain high.

The African Energy Bank kicks off with a initial capital announced at 5 billion US dollars, or about 3,000 billion CFA francs. This amount is intended to finance projects of production, transport, storage and distribution of energy.

The institution is supported by African states energy producers in partnership with AfreximBank , which brings its financial expertise and its continental network, several countries having already paid their initial contributions.