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Three African nations have funded 44% of the Africa Energy Bank, aiming to finance oil and gas projects.
Nigeria, Angola, and Ghana have fulfilled their capital commitments to the Africa Energy Bank (AEB), advancing its funding by 44%.
The AEB aims to finance oil and gas projects across Africa, addressing the reluctance of Western financial institutions to support fossil fuel initiatives due to environmental concerns.
With an initial capitalization goal of $5 billion, the bank is set to commence operations in the first half of 2025.
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Tres naciones africanas han financiado el 44% del Banco Africano de Energía, con el objetivo de financiar proyectos de petróleo y gas.