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Africa Launches Its Own Oil Bank As Western Lenders Retreat

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Africa Launches Its Own Oil Bank As Western Lenders Retreat Authored by Alex Kimani via OilPrice , Africa now has a bank built to finance the oil and gas projects Western banks and development lenders have dropped under their climate commitments. Afreximbank and the African Petroleum Producers' Organization (APPO) formally established the Africa Energy Bank (AEB) at its inaugural general meeting in Abuja on October 31. That was more than four years after the two institutions began work on it and some 20 months behind schedule. Abuja beat bids from six countries, including Ghana, Algeria…

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    Africa Launches Its Own Oil Bank As Western Lenders Retreat

    Africa Launches Its Own Oil Bank As Western Lenders Retreat Authored by Alex Kimani via OilPrice , Africa now has a bank built to finance the oil and gas projects Western banks and development lenders have dropped under their climate commitments. Afreximbank and the African...

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