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Afreximbank and the African Petroleum Producers’ Organization officially established the African Energy Bank at its inaugural general meeting in Abuja, Nigeria, on October 31, 2026, with authorized capital of $5 billion. The bank aims to bridge the continent’s energy financing gap, with investment needs estimated at around $200 billion, by supporting projects across exploration, production, transportation, refining and distribution. The meeting appointed Helmi Ghazi as the bank’s first president and formed its first board of directors.
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