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 […]
African intergovernmental organization the African Petroleum Producers Organization (APPO) held an executive retreat to discuss the future of the African oil and gas sector amidst the ongoing energy transition on July 8-9. The retreat was in preparation for the opening ceremony of APPO’s 18th Executive Board Meeting which will be held on Thursday June 11, where the Republic of the Congo’s Minister of Hydrocarbons Bruno Jean Itoua and APPO’s Alternate President will give an opening address.
The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, its head told S&P Global Commodity Insights.