African Petroleum Producers Organization are finalizing the Launch Date for the continent’s Energy Bank scheduled for the Next Ministerial Meeting
The African Petroleum Producers Organization Secretary General Omar Farouk Ibrahim announced that the Africa Energy Bank launch date will be finalized at the next APPO Ministerial meeting
Ibrahim was delivering a keynote address at the Angola Oil and Gas 2025 Conference and Exhibition.
Spearheaded by APPO and multilateral finance institution the African Import-Export Bank (Afreximbank), the USD 5 billion Africa Energy Bank will support oil, gas and infrastructure projects across Africa.
Set to be headquartered in Abuja, Nigeria, the bank aims to address the continent’s investment gap. Angola is one the nations that have fulfilled their USD 100 million capital commitment to the bank.
“APPO is fully conscious of the serious challenges facing the African oil and gas industry and is taking practical measures to address them. One measure was taken in Luanda three years ago,” Ibrahim stated.
The APPO Ministerial Council approved the signing of a MoU between APPO and Afreximbank for the establishment of the Africa Energy Bank.
Therefore the next Ministerial meeting of the APPO council will establish the official date for launch of the Africa Energy Bank.
In August 2025, APPO announced plans to accelerate the launch of the bank, with the organization’s Executive Council resolving to submit the project for final approval in the fourth quarter of 2025.
With the launch date on the precipice of being finalized, APPO is inviting investors to support the bank.
“I would like to take this opportunity to appeal to investors to partner with us on the Africa Energy Bank. The African oil and gas industry has come of age. Africa cannot continue to be dependent on external powers to finance its oil and gas. Africa must control the finances of its oil and gas industry. Africa must create the technology it needs as well as its own market for its oil and gas resources,” Ibrahim stated.