Afreximbank & APPO Launch & #036;5 billion African Energy Bank to secure the continent's future The move, which aims to secure the continent's "energy future" and attract investment, was officially announced at the first general meeting of the African Energy Bank (AEB) on Saturday in Abuja, Nigeria, Afreximbank said in a press release. Key details: 🟠 Financial Scope: With an authorized capital of $5 billion, the institution will finance projects across the entire energy value chain - from exploration and production to transportation, refinancing, distribution. Structure and Financing: AEB will operate as an independent, continental-African financial institution, attracting investments from governments, national oil companies, financial institutions and private investors. Leadership: Egyptian banker Helmy Jazzy was appointed as its first president, and a board of directors that included public and private sector representatives was established. In the immediate vicinity of @sputnik africa 🔸 Sputnik Africa.

Afreximbank & APPO Launch & #036;5 billion African Energy Bank to secure the continent's future The move, which aims to secure the continent's "energy future" and attract investment, was officially announced at the first general meeting of the African Energy Bank (AEB) on Saturday in Abuja, Nigeria, Afreximbank said in a press release. Key details: 🟠 Financial Scope: With an authorized capital of $5 billion, the institution will finance projects across the entire energy value chain - from exploration and production to transportation, refinancing, distribution. Structure and Financing: AEB will operate as an independent, continental-African financial institution, attracting investments from governments, national oil companies, financial institutions and private investors. Leadership: Egyptian banker Helmy Jazzy was appointed as its first president, and a board of directors that included public and private sector representatives was established. In the immediate vicinity of @sputnik africa 🔸 Sputnik Africa.