The African Extractive Minerals Development Bank (AEMBANK) is a specialized multilateral financial institution whose main objective is to bridge the funding deficit which has caused the underdevelopment of the extractive minerals value chain in Continental African countries. Our goal is to encourage indigenous participation in the African extractive minerals sector by providing necessary access to funding. The African Minerals Strategy Group is a shareholder and is a body consisting of 16 minerals-rich African countries, with Nigeria as the Chair.
Our mission is to become Africa’s leading extractive minerals infrastructure financier, combining its strong local knowledge with a high quality balance sheet to deploy more investments across the continent’s blue economy. The bank’s investment philosophy prioritizes projects within the extractive minerals value chain that offer high developmental impact and competitive returns in its chosen markets.
Our vision is to establish ourselves as the preeminent provider of innovative and tailored financing solutions for operators within the African extractive minerals value chain. We are committed to supporting the growth and modernization of the extractive minerals sector through strategic financial partnerships, enabling stakeholders to navigate the complexities of the industry with confidence. By leveraging our deep industry expertise and comprehensive understanding of the unique challenges faced by extractive minerals operators, we aim to foster sustainable development, enhance operational efficiency, and drive economic prosperity across the African continent.
At AEMBANK, our core values guide our mission. Integrity ensures transparency and honesty. Teamwork fosters collaboration and diverse perspectives. Innovation drives creative solutions. We prioritize delivering quality and exceeding expectations. Accountability means we take responsibility for our actions. Commitment to stakeholders ensures we create lasting value for all.
By leveraging local expertise and fostering partnerships with governments, businesses, and financial institutions, AEMBANK aims to drive economic growth, enhance infrastructure, and promote sustainable practices throughout Africa. Our comprehensive approach is designed to unlock the full potential of the continent's rich natural resources and strategic extractive minerals routes, contributing to long-term prosperity and development.
The Board of Directors has ultimate responsibility for policy formulation, strategy and decision making, with specific authority delegated to three subsidiary committees and Executive Management for day-to-day operations.
The Bank has categories of shareholders, namely: CLASS “A” (made up of African governments), CLASS “B” (made up of African private investors and institutions), and CLASS “C” (made up of non-West & Central African institutions, export credit agencies and private investors).
