In an important advancement for the energy sector in Africa, Nigeria, Angola, and Ghana have met their financial obligations to create the Africa Energy Bank (AEB). This achievement accounts for 44% of the minimum funding necessary from the members of the African Petroleum Producers Organization (APPO) to begin the bank’s operations. Dr. Omar Farouk Ibrahim, the Secretary General of the African Petroleum Producers Organization (APPO), made an announcement regarding the progress of the Africa Energy Bank, which is seeing increased support through capital investments from Nigeria, Angola, and Ghana.
