Minister of Energy and Green Transition, John Jinapor, has emphasized the necessity for Africa to lessen its reliance on external funding for energy initiatives.
During the inaugural ceremony of the 2025 Africa Energy Technology Conference (AETC), the minister advocated strongly for the prompt establishment of the Africa Energy Bank.
John Jinapor highlighted that a domestically developed financing mechanism is essential to mitigate risks and finance extensive energy infrastructure across the African continent.
“In order to harness Africa’s resource potential, we require capital. We can no longer depend exclusively on external funding that is fraught with conditions, distortions, and remnants of colonialism. It is imperative that we cultivate our own financial market – one that mitigates risks for local projects supports significant energy infrastructure, and retains value within the continent. The complete establishment of the Africa Energy Bank must be prioritized,” he stated.
The AETC 2025 convened policymakers, investors, and technology leaders to discuss strategies for expediting Africa’s energy transition while ensuring economic sustainability.
The conference was conducted under the theme “Innovate, Invest, Implement: Revolutionising Financing for Sustainable Energy Growth in Africa.”
