Minister of Energy and Green Transition, John Jinapor, has underscored the need for Africa to reduce its dependence on external funding for energy projects.
Speaking at the opening ceremony of the 2025 Africa Energy Technology Conference (AETC), the minister made a strong case for the immediate operationalisation of the Africa Energy Bank.
John Jinapor stressed that homegrown financing mechanism is critical to de-risk and fund large-scale energy infrastructure on the African continent.
“To tap the resource potential of Africa, we need capital. We can no longer rely solely on external financing riddled with conditions, distortions and colonial echoes. We must develop our own financial market – one that de-risk local projects, back big ticket energy infrastructure and retain value in the continent. The full operationalization of the Africa Energy Bank must be a top priority,” he said.
The AETC 2025 brought together policymakers, investors, and technology leaders to explore pathways for accelerating Africa’s energy transition while ensuring economic sustainability.
The conference was held under the theme “Innovate, Invest, Implement: Revolutionising Financing for Sustainable Energy Growth in Africa”.
