The proposed Africa Energy Bank, focusing on oil and gas ventures across the continent, is set to kick start later this year, with an initial authorized capital of $5 billion.
The bank, a partnership between Afreximbank and the African Petroleum Producers Organization (APPO), is meant to help plug a funding gap in Africa amid pressure on major banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects.
Each African member country is expected to contribute a minimum of $83 million for a total of around $1.5 billion.
According to the latest figures from Libya’s National Oil Corporation (NOC), crude oil production saw a modest rise this
The Tunisian government has decided to withdraw individuals and non-governmental organizations (NGOs) with observer status before the African Commission on
Mauritania’s Foreign Minister, Mohamed Salem Ould Merzoug, has hailed relations with Morocco as being at their strongest in recent
Tunisian President Kais Saied has urged the International Organization for Migration to accelerate efforts to facilitate voluntary returns for irregular
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