The operational mechanisms aimed at accelerating the activation of the African Energy Bank (AEB) and strengthening its role in financing energy projects in Africa were on the agenda of a meeting related to the activation process of this regional financial institution, held the day before this Tuesday in Abuja.
Representing the Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, the Secretary General of the Ministry of Hydrocarbons, Miloud Medjelled, participated in Abuja (Nigeria) in the works of the meeting related to the activation process of the African Energy Bank, the Ministry of Hydrocarbons indicated in a statement.
The Secretary General was accompanied by a delegation composed of Algeria’s representative within the African Petroleum Producers Organization (APPO), and executives from the Ministry of Hydrocarbons and the Sonatrach group.
This participation testifies, the ministry noted, to Algeria’s commitment to supporting African initiatives aimed at strengthening energy integration, promoting investment, and developing innovative financing solutions in service of the sustainable development of the African continent.
This participation took place on the sidelines of the works of the 9th edition of the Nigeria International Energy Summit and Exhibition (NIES 2026), which is being held from February 2 to 5, according to the text.
The meeting was an opportunity to exchange views on the operational mechanisms aimed at accelerating the activation of the AEB and strengthening its role in financing energy projects in Africa, with a view to contributing to achieving sustainable development and strengthening regional cooperation in this strategic sector, the same source emphasized.
On the sidelines of this event, the Algerian delegation visited the new headquarters of the AEB, where it learned about its facilities and organizational structures intended to host the bank’s activities in the future.