Taking control: Landmark deal signed to create African energy bank

African Energy Transition Bank will offer alternative funding source for oil and gas projects on the continent, but unclear if it will also fund renewables

Major move: a deal to form Africa’s own energy bank was signed in Luanda, Angola, by representatives of Afreximbank and African Petroleum Producers Organisation — Major move: a deal to form Africa’s own energy bank was signed in Luanda, Angola, by representatives of Afreximbank and African Petroleum Producers OrganisationPhoto: APPO

Iain Esau

London

Afreximbank APPO Africa North Africa Sub-Saharan Africa

Published 19 May 2022, 10:50Updated 25 May 2022, 11:51