In a significant step toward bolstering financing for Africarsquo;s energy sector, the African Petroleum Producersrsquo; Organization (APPO) and the African Export-Import Bank (Afreximbank) are advancing plans to launch the African Energy Bank (AEB). In April this year, APPO hired consulting firm PWC as project management consultants for the $5 billion development finance institution, which will be headquartered in Abuja, Nigeria and is set to commence operations this year. The bank will provide tailored financing solutions for African oil and gas projects, addressing long-standing funding gaps and enabling project developers to...