Oil-focused African Energy Bank eyes June launch as first funds trickle in
March 13, 2024 Comments Off
The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, its head told S&P Global Commodity Insights. Formed out of a partnership between the African Petroleum Producers Organization (APPO), which represents the continent’s petrostates, and…
Oil-focused African Energy Bank eyes June launch as first funds trickle in
The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, its head told S&P Global Commodity Insights. Formed out of a partnership between the African Petroleum Producers Organization (APPO), which represents the continent’s petrostates, and…
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