On May 16, the African Export-Import Bank (Afreximbank) signed a memorandum of understanding with the African Petroleum Producers Organization (APPO) in a move that seeks to create a multi-billion-dollar energy bank on the continent.

The energy bank, according to the memorandum, will provide private sector financing for new and existing oil and gas projects as well as energy developments across the entire value chain.

For more information, please see https://www.independent.co.ug/afreximbank-moots-continental-energy-bank/