The African Energy Bank (AEB) has formally commenced operations to finance oil and gas projects across the continent. With authorised capital of $5 billion (around R82 billion). the institution reaffirms African governments’ determination to secure their own energy future, the African Export–Import Bank (Afreximbank) said in a statement. Established by Afreximbank and the African Petroleum […]
The country is expected to fork out approximately US$83.4million by March 31, 2024 as its initial subscription capital to the recently proposed Africa Energy Bank (AEB), which it is seeking to host.