Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi participated in the 46th session of the African Petroleum Producers’ Organization (APPO) Council of Ministers held in Yaoundé in Cameroon. The meeting provided a platform for eight Energy Ministers from APPO member countries to exchange views on critical issues shaping Africa’s oil and gas sector.

The ministerial meeting reviewed of the organization’s most significant endeavors over the preceding period, with particular emphasis on the advancement of the African Energy Bank. The founding agreement for the bank was executed at the headquarters of the Egyptian Ministry of Petroleum and Mineral Resources in June 2024. Furthermore, Nigeria, designated as the host country for the bank’s headquarters, has confirmed that preparations are underway for its inauguration in January 2025, as stipulated by the intergovernmental accord.

The agenda further encompassed the enhancement of regional and continental cooperation, the promotion of sustainable energy development, and the resolution of Africa’s energy access and financing challenges in the context of the global energy transition.

Badawi stated that Egypt is committed to supporting African energy development by presenting the capabilities of Egyptian companies across the entire oil and gas value chain, aiming to aid member countries in advancing their sectors. The minister further highlighted strategies to foster African collaboration for optimal and timely resource utilization, benefiting the nations of the continent.

Additionally, Badawi met with Omar Farouk Ibrahim, the Secretary-General of the organization, to discuss the organization’s activities and its key achievements. Badawi affirmed Egypt’s support for all the organization’s endeavors.

On the sidelines of the session, the Minister also held meetings with his counterparts, the petroleum and energy ministers from African countries, to discuss opportunities for bilateral cooperation.