Africa Matters

AEC Backs Africa Energy Bank, Bridging the Continent’s Energy Financing Gap

Our Correspondent | Africa Guardian The Africa Energy Bank (AEB), set to begin operations by March 2025, marks a major milestone in Africa’s journey toward energy self-sufficiency. Launched by the African Export-Import Bank (Afreximbank) in partnership with the African Petroleum Producers’ Organization (APPO), the AEB is poised to empower African nations to take control of their energy future. The…

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Africa energy lobby decries funding discrimination

The African Energy Chamber (AEC) is protesting what it sees as discrimination by Western lenders in supporting the continent’s oil and gas projects, with owners and investors forced to suspend development plans, or into alternative local sourcing. Nj Ayuk, the chamber’s executive chairman, told The EastAfrican that by refusing to bankroll Africa’s oil and gas projects, with a direct…

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