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Wednesday, November 4, 2026 19:59 GMT
The African Petroleum Producers’ Organization (APPO) and the African Export-Import Bank (Afreximbank) have formally launched the Africa Energy Bank (AEB) to finance oil and gas projects across the continent as traditional international lenders scale back funding for fossil fuel developments. AEB’s inaugural meeting, which took place in Abuja, Nigeria, witnessed the appointment of the Egyptian banker Helmy Ghazi as the bank’s first president and the formation of its first Board of Directors,...More