Toyin Akinosho, publisher, Africa Oil Plus Gas Report – the new African Energy Bank

Toyin Akinosho, publisher, Africa Oil Plus Gas Report – the new African Energy Bank

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This year, we will see the official establishment of the new African Energy Bank. Its mission: to help the continent take advantage of its rich reserves of 125 billion barrels of oil and more than 60,000 billion cubic feet of gas as Western investments turn away from fossil fuels. Afreximbank, with other financial institutions, will contribute to the seed capital of the new institution which should bring together producing countries, national companies and investors from the continent, as well as international funds.