Spearheaded by APPO and the African Export-Import Bank, the Africa Energy Bank will have an initial capital of $5 billion, supporting upcoming oil, gas and energy projects across the continent
CAPE TOWN, South Africa, June 2, 2025/APO Group/ --
Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), will speak at this year’s edition of the Angola Oil & Gas (AOG) conference – the country’s premier industry event, scheduled for September 3-4 in Luanda. Ibrahim’s return to the conference reflects his commitment to supporting oil and gas projects in the country and comes as the organization prepares to launch the Africa Energy Bank (AEB) – a financial institution created in partnership with the African Export-Import Bank (Afreximbank).

Omar Farouk Ibrahim, Secretary General, African Petroleum Producers Organization (APPO)
Established with the aim of improving access to financing for African oil and gas projects, the AEB is on track to commence operations in June 2025, with the finalization of key arrangements made in April 2025. Headquartered in Abuja, Nigeria, the bank will have an initial capitalization of $5 billion, supported by an $83 million commitment made by each APPO member state. As of March 2025, three member countries – Angola, Nigeria and Ghana – had contributed, reflecting the support from some of Africa’s biggest oil and gas producers. At AOG 2025, Ibrahim is set to share insight into the role the institution will play in markets such as Angola and how improved financing can support regional fuel security.
AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
As sub-Saharan Africa’s second largest oil producer, Angola strives to sustain oil production above one million barrels per day beyond 2027. In tandem, the country aims to bolster gas monetization, with its first non-associated gas project – led by the New Gas Consortium – coming online in late-2025 or early-2026. Through a multi-year strategy, improved fiscals and an upcoming Gas Master Plan, the country is incentivizing spending across the entire oil and gas value chain. The AEB will support these goals by offering project developers the requisite financing to accelerate exploration, production and project development.
Operating as a development finance institution, the AEB will focus on Africa. The bank will have three classes of shareholders, with Class A featuring founding countries, APPO member states and Afreximbank; Class B consisting of other African countries, alongside their national oil companies; and Class C being reserved for individual and corporate investors outside of the continent. This structure offers access to a wide investment pool and reflects the drive by APPO and Afreximbank to support African oil and gas developments. AOG 2025 offers a strategic platform for project developers in Angola to gain insight into financing opportunities made possible through the AEB. Ibrahim’s participation will not only provide a greater understanding of the role the bank can play in the country but foster dealmaking in Angola as companies seek new financing mechanisms to expand their portfolios.
Distributed by APO Group on behalf of Energy Capital & Power.
Good read thanx to the profound wisdom of the Turks lawmaker Hon Cicek.
Turkey is fully awake to enter the World global markets just like China, India
and many other emerging worldly powers and such cowardly acts should not
detract Turkey from becoming an emerging ecopolitical power to contend within
the strong chambers of the world play ground stages. Turkey has already passed thru
many turbulent hurdles but Egypt is now in pretty bad shape facing the first big hurdles.
Cheers.
Turks are trying their best to help Somalis, I guess some people can't be helped.
Where is Ataturk when you need him! That guy knew what he was doing
This Turk are sh*t, why they only concentrate Mogadishu and surrounding areas. they neglected more then six million Somalis live different parts of the country.
@ALI
Don't forget that Mogadiscio is the Capital City of all Somalia where the Turks deal with
the Central Govt of Somalia where the SFG is now the Govt for all the different parts that
you are evaporating by fabricated divisions. The Turks have been doing the right things
as far as Somalia is concerned. The Turks are also doing the right things in Somaliland.
Get better educated dude.
Cheers.
The world is slowly founding out that billions of $ is being poured into Somalia to keep it forever stateless.
Yesterday it was warlords today it is extremist.