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Spotlight | West Africa
Africa Energy Bank hampered at the starting blocks

Reading time 4 minutes
Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers' Organization, in Cairo, on 14 February 2022.
Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers' Organization, in Cairo, on 14 February 2022. © Amr Abdallah Dalsh/Reuters

African governments have been slow in releasing the funds promised for the future African hydrocarbon bank. The project, led by Nigeria's Omar Farouk Ibrahim, is scheduled to launch in the first quarter of 2025, but only a portion of the financing it needs has been raised.

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