Tag Archives: African Energy Bank

A GROUNDBREAKING initiative to fund Africa’s oil and gas sector, the African Energy Bank (AEB), is set to launch on January 28, 2025. Spearheaded by the African Petroleum Producers OrganiSation (APPO) and Afreximbank, this pan-African financial institution aims to address funding shortfalls in the continent’s energy sector, primarily in oil and …

NIGERIA has won the bid to host the headquarters of the $5 billion African Energy Bank, after a keenly contested bid with five other countries, including Ghana, Benin Republic, Algeria, South Africa, and Cote d’Ivoire. The African Energy Bank would finance Africa’s hydrocarbon deposits of oil, gas, and condensates. It …