African Energy Bank

Africa’s First Energy Bank to Launch in 2025 With $5bn Fund

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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 gas projects, as global financiers … Read more

Nigeria Beats Five Countries To Host $5bn African Energy Bank HQ

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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 would also support energy transition … Read more