African Countries Seek $5bn for New Energy Bank
[ad_1] Abuja — A coalition of oil-producing African countries is seeking $5 billion to launch an "energy bank" that would fund projects on the continent, as frustration grows over the reluctance of western institutions to bankroll fossil fuel initiatives because of environmental concerns, FT has reported. The 18-member African Petroleum Producers' Organisation (APPO) hopes the lender can begin operating in early 2025, according to the Executive Vice President of global trade at the African Export-Import Bank, Haytham El Maayergi, a […]