BUSINESSJun 21 · 13:24 UTCTHE RIO TIMESAmina Diarra

Africa Builds Its Own Bank for Oil and Gas as Western Money Retreats

The Africa Energy Bank is set to launch in 2026 to fund oil and gas projects as Western lenders reduce financing for fossil fuels in Africa. The initiative aims to fill a financial gap left by Western institutions retreating from oil and gas investments on the continent.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Africa Energy Bankorganizationoil and gastopicWestern lendersorganizationfossil fuelstopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSApr 14 · 08:28 UTC
ING Plans SRT Tied to Project Finance, Including for Oil and Gas
BUSINESSApr 27 · 17:19 UTC
Ex-Credit Suisse Bankers Aim to Finance Venezuela Oil Revival
BUSINESSJun 17 · 11:11 UTC
Spain’s Repsol Bets on New Venezuelan Oil Ground as Majors Return
BUSINESSApr 28 · 18:37 UTC
Canada Launches Sovereign Wealth Fund for Major Projects
BUSINESSMay 5 · 13:18 UTC
Ecuador Looks to Tap Global Debt Markets Again Amid Oil Jump
BUSINESSJun 16 · 02:47 UTC
Global Funds Pile Into India Bonds as Oil Cools