The proposed Africa Energy Bank, focusing on oil and gas ventures across the continent, is set to kick start later this year, with an initial authorized capital of $5 billion.
The bank, a partnership between Afreximbank and the African Petroleum Producers Organization (APPO), is meant to help plug a funding gap in Africa amid pressure on major banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects.
Each African member country is expected to contribute a minimum of $83 million for a total of around $1.5 billion.
Amidst the daily bustle in Tripoli’s dusty streets, the aroma of coffee and hararat spices infuse with a much
Egypt's natural gas production reached a six-year low in May, according to data cited by Bloomberg. This decline
Spain's energy policy has increasingly focused on fostering ties with the Maghreb region, comprising primarily of Morocco, Algeria,
Libya has taken Africa’s number 1 spot in the 2024 Information and Communication Technology (ICT) Development Index. Scoring 88.
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