THE Africa Energy Bank, designed to finance oil and gas projects while supporting Africa’s energy transition goals, is set to launch in the first quarter of 2025, according to Nigeria’s junior oil minister, Heineken Lokpobiri. The bank aims to build an asset base of $120bn, positioning itself as a key player in Africa’s energy landscape. Initially … Read more
THE Africa Energy Bank, a landmark initiative aimed at funding oil and gas projects across the continent, is set to commence operations by mid-2025, according to an Afreximbank official. The bank is a joint effort between Afreximbank and the African Petroleum Producers Organisation (APPO) to address funding gaps in Africa’s energy sector amid global pressure to … Read more
THE Federal Government has set Jan. 28, 2025 as the deadline for the operationalisation of the five billion dollars Africa Energy Bank (AEB). The bank would be domiciled in Abuja, the Nigeria’s capital city. Amb. Nicholas Ella, Permanent Secretary, Ministry of Petroleum Resources and Executive Board Member, who led a delegation representing Nigeria at the … Read more