Afreximbank, APPO Establish $5 Billion Africa Energy Bank
The African Export-Import Bank and the African Petroleum Producers’ Organisation formally established the bank, which has authorised capital of $5 billion and aims to finance African energy projects.
By Staff WriterAccording to an Afreximbank statement, the African Export-Import Bank and the African Petroleum Producers’ Organisation have formally established the Africa Energy Bank.The bank, which has authorised capital of $5bn, aims to bridge a financing gap as traditional lenders withdraw fund…