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.
Puntland is weird because they so deeply involved with pirates and dirty businesses they suspect everyone and anyone to be a spy or reporter. They are highly suspicious. He past through Somaliland and was even approached by Somalilandpress reporter Abdulqani, I remember his post.
That's sad because he cycled over 114 countries to be arrested in Puntland instead of admiring his dedication and determination at the age of 40+ – what a shame!
He was cycling since 1997 and everyone applauded him for that while Somalia and Puntland arrested him. It's a shame. Im very disappointed.
As soon as they heard the person is from Somaliland they must make all the excuses to deport him. Kind of jealous kid.
I do think its a shame that puntland had to deport him back to djibouti,
but people before we attack puntland administration and there pirates and there dirty businesses as some here have mentioned,
ask yourself why somaliland let that china man go trough and why puntland couldnt let him trough, it is not because puntland is afraid of spies r bad reports or whatever u may be breeding in your head, but simply unlike somaliland puntland cant let him trough for security reasons, if he leaves garowe and goes south to gaalkacyo where is he going from there………………..ask yourself, and please stop the personal grudge, really its unnecessary
Thank you Xaaji, people are forgetting if this man keeps travelling south THIS WILL BE THE LAST COUNTRY HE SEES. It’s not all a lost Mr. Lee Yue Zhong because Somaliland will be recognized someday Insha Allah and then you could add that one to your records. Keep it positive people…1 luv
It's clear to us Puntland has alot to hide even they wont let an old man who has been cycling since 1997 through, they must be sleeping not to be aware of him. He knows what he is doing and it's about him where he wants to go he is following his dream and some times you have to take risks to follow your dream, he didnt see his family, town and friends for over 12 years what is cycling through the south for him? Even Al shabab are most humble and intelligent than the Puntland authority I am positive Al shabab would even welcome him and admire his courage.
Thanks for stopping the man that was cycling 12 none stop years you just put "Somalia" once again in the wrong side of history.