APPO to Confirm Launch Date for $5B Africa Energy Bank at Ministerial Meeting
The African Petroleum Producers Organization (APPO) will finalise the launch date of the long-awaited Africa Energy Bank at its next Council of Ministers meeting, Secretary General Omar Farouk Ibrahim announced during the Angola Oil & Gas 2025 Conference and Exhibition.
Backed by APPO and the African Import-Export Bank (Afreximbank), the $5 billion institution is designed to finance oil, gas, and infrastructure projects across Africa. The bank will be headquartered in Abuja, Nigeria, with Angola among the countries that have already fulfilled their $100 million capital commitment.
“APPO is fully conscious of the serious challenges facing the African oil and gas industry and is taking practical measures to address them,” Ibrahim told delegates. “The next Ministerial meeting of the APPO Council will establish the official date for launch of the Africa Energy Bank.”
APPO’s Executive Council resolved last month to accelerate the project, submitting it for final approval in the last quarter of 2025. With the launch date now close to being set, the organisation is extending an invitation to investors to participate in the bank’s development.
“I would like to take this opportunity to appeal to investors to partner with us on the Africa Energy Bank,” Ibrahim added. “Africa cannot continue to depend on external powers to finance its oil and gas. Africa must control the finances of its industry, create the technology it needs, and develop its own markets.”
