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
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
