Evening - Trans-desert gas pipeline among initial funded projects
The Secretary-General of the African Oil Producers Organization, Faid Ghazali, announced the opening of the African Energy Bank at the end of July next year, with the aim of supporting financing for energy projects across the continent. This initiative responds to the funding shortfall resulting from international financial institutions withdrawing from financing fossil fuel projects. The bank, which will be headquartered in Abuja, will play a key role in funding strategic projects such as trans-Saharan gas pipelines, electrical transmission lines, and regional refineries. Its goal is to promote energy development and regional integration in Africa, involving at least six countries with an initial capital of 500 million dollars.
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