The African Petroleum Producers’ Organization (APPO) is planning to get its first bank by June 2024 in a move to secure funding for the development of regional energy infrastructure. The bank named as African Energy Bank (AEB) would be launched no later than June 30, 2024. APPO will set up the bank in partnership with Afreximbank. Today, we are doing everything we can to ensure that the African Energy Bank becomes a reality by June 30, 2024,” Benin Minister of Energy, Water and Mines Samou Seidou Adambi said. The organization gave itself until March 31, 2024, to choose a host country for the bank.

Source: The North Africa Journal November 07, 2023 11:32 UTC