Addis Herald አማርኛ

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African Energy Bank established with $5 billion capital to bridge financing gap

Capital ·

Group of officials posing for a photo behind a conference table.

The African Export-Import Bank and the African Petroleum Producers Organization have officially established the African Energy Bank with a capital of 5 billion dollars. The bank aims to address the financing gap in the continent's energy sector following the withdrawal of international lenders from carbon fuel projects.

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