The long road to African energy finance
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
The Africa Energy Bank (AEB), intended as a vehicle to improve financing for oil and gas projects on the continent, is struggling to get off the ground. The AEB is a joint venture backed by the African Export–Import Bank (Afreximbank) and the Africa Petroleum Producers Organization (APPO). The plan was to launch the bank in June, but the timetable is now uncertain. The bank’s establishment agreement and charter were officially signed in June, but it is unclear when the AEB will be operating. Spokespeople for Afreximbank and APPO did not respond to questions about when the bank will start. A source, who did not want to be named, said the bank is not yet ready, but that a “soft launch” is bein
Also in this section
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
