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The Objectives of the Africa Energy Bank are:
1
Promote, finance and facilitate the development of (i) hydrocarbon exploration, production and refining; as well as related mid-stream and downstream activities
2
Promote, finance and support initiatives, projects and activities geared towards an orderly transition of Bank Member States from fossil fuels to cleaner energy
3
Support entities in Bank Member States to engage in hydrocarbon exploration, production, refining as well as related mid-stream and downstream activities in non Bank Member States as may be deemed apporpriate by the Bank in the fulfilment of its mandate
4
Promote, finance and facilitate the trade of Bank Member States crude, refined and processed hydrocarbon and related products within and outside Bank Member States within the context of intra and extra African trade
5
Provide debt and equity financing in the oil, gas and energy sectors in Africa
6
Provide guarantees, issue letters of credit and other forms of financial assistance in support of projects or studies relating to the oil, gas and energy sectors in Africa
7
Accept investment from investors in order to develop the oil, gas and energy sectors in Africa
8
Provide technical assistance, carry out market research, finance studies and provide auxiliary services in support of the Bank Objective
9
Promote cooperation, coordination, collaboration and exchange of information among Bank Member States in support of the Bank Objective
10
Promote and support the development and adaptation of technology and legal frameworks in support of the Bank Objective
11
Conduct market research in fossil fuels, renewable energy and other forms of energy
12
Provide equity investment, advisory services and capital market services
13
Engage in business and trading within the oil, gas and energy sectors
14
Carry on banking operations and borrow funds
15
Undertake any other activities and provide other services which it may deem to be incidental or conducive to the attainment of the Bank Objective as determined by the General Meeting on the recommendation of the Board of Directors with Reserved Matter Approval.
The key objectives of the bank are:
1
Facilitate, promote, and finance the development of the oil , gas and energy sectors of Member States.
2
Support Member States in their efforts towards an orderly transition to sustainable sources of energy