Afreximbank To Support New Energy Transactions In Africa

The African Export-Import Bank (Afreximbank) will provide a buffer as it moves to support new transactions across the continent.

This is as Africa strives to make energy poverty history by 2030. The bank has made significant investments in Nigeria and other parts of Africa.

It’s set to further strengthen this collaboration in Africa, as it announced its participation in this year’s African Energy Week (AEW): Invest in African Energies conference as a Diamond Partner amid a growing push to advance access to financing across the continent’s energy sector.

As one of Africa’s leading financial institutions, the organization plays a critical role in driving African energy and infrastructure projects forward.

Under a mission to stimulate the consistent expansion, diversification and development of African trade, Afreximbank has supported key projects across the continent.

Recent investments reflect this mission and are poised to transform regional economies.

In August 2025, Afreximbank committed to funding energy projects in Nigeria, Malawi and Zimbabwe, signing a series of agreements to unlock $1 billion.

Beyond project financing, a cornerstone of Afreximbank’s strategy is the Africa Energy Bank (AEB), a strategic institution that brings new funding sources for African energy projects.

Established in partnership with the African Petroleum Producers Organisation, the AEB is expected to address the continent’s investment gap, which is estimated to be between $31 billion and $50 billion.

With an initial capitalisation of $5 billion, the bank offers tailored funding solutions to meet Africa’s energy needs.

To date, the partners have selected Abuja, Nigeria, as the headquarters of the institution

Consulting firm PWC has been hired as project management consultants, and Angola, Ghana, and Nigeria have fulfilled their commitments to funding the bank. As the AEB prepares for launch, AEW: Invest in African Energies 2025 will be a vital platform for fostering engagement between project developers and financiers.

“Afreximbank’s track record of providing financing for African energy projects has yielded positive results for Africa’s energy sector, “ he said.