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flag Three African nations have funded 44% of the Africa Energy Bank, aiming to finance oil and gas projects.

flag Nigeria, Angola, and Ghana have fulfilled their capital commitments to the Africa Energy Bank (AEB), advancing its funding by 44%. flag 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. flag 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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