Appo and Afreximbank have agreed to establish the African Energy Transition Bank
African institutions plan energy project bank
Continent’s leaders attempt to insulate oil and gas projects from changing investment landscape
The African Petroleum Producers’ Organisation (Appo) and multilateral African financial institution Afreximbank have signed a memorandum of understanding (MoU) to establish the African Energy Transition Bank. The bank is intended to “support an Africa-led energy transition strategy”, with specific reference to oil and gas projects as well as further development, environmental and climate-change-mitigation goals. “Africa’s oil and gas industry faces growing pressures as international investment in hydrocarbons diminishes,” says Afreximbank. The new bank “will enable a more efficient and predictable capital allocation between fossil fuels and renewables”, adds Afreximbank president Benedict Or
Also in this section
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
