Environment: Afreximbank, Appo Urge Establishment Of African Energy Bank

The African Petroleum Producers’ Organisation (APPO), and African Export-Import Bank (Afreximbank) have called for the establishment of an African Energy Transition Bank.

The call is contained in a joint communiqué issued by the Press Office of Afreximbank at the end of a meeting with APPO in Luanda, Angola.

According to the communiqué, the aim is to support an Africa-led Energy Transition strategy that is consistent with the goal of preserving the environment and livelihoods.

The communiqué said that the two institutions had committed to taking necessary actions to promote a sustainable and balanced solution to the challenge of financing the oil and gas industry in Africa during the energy transition.