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The African Energy Bank Launches Next Month with an Initial Capital of $5 Billion

May 13, 2026اقتصاد البلدiqtissadalbalad.dzTranslated from Arabic
The African Energy Bank Launches Next Month with an Initial Capital of $5 Billion

The African Petroleum Producers Organization confirmed that preparations for the launch of the African Energy Bank are progressing well, noting that the new financial institution, launched in partnership with the African Export-Import Bank, aims to support investments in the hydrocarbons sector on the African continent, amid a decline in funding from Western institutions for oil and gas projects.

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