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African oil-producing nations secure 45% funding for $5bn Energy bank

African oil-producing nations are set to launch a $5 billion energy bank in Abuja next year, having already secured 45% of the necessary startup capital. The initiative aims to fill the funding gap created by traditional investors who are increasingly shifting their focus from crude oil to low-carbon energy solutions. This was disclosed by the […]

monwubukepdnlimited-com
October 4, 2024
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Energy

75% of African oil is exported, says petroleum group

The Secretary-General of the African Petroleum Producers Organisation, Omar Farouk Ibrahim, has said that nearly 75% of oil produced in Africa is exported to other continents for energy consumption. This was disclosed by Ibrahim during the recent Mozambique Energy and Industry Summit held in the southeastern African country, according to Nairametrics. Ibrahim stated that, in […]

monwubukepdnlimited-com
May 14, 2024
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African oil-producing nations secure 45% funding for $5bn Energy bank

75% of African oil is exported, says petroleum group

Cardoso reassures investors of macroeconomic stability, confidence

SEC warns social media figures over unregistered investment.

DHL stops high-value US deliveries due to stricter.

Japan eyes relaxed car safety regulations amid US.