Africa: $5bn Africa Energy Bank Gains Momentum With Contributions From Nigeria, Angola, Ghana

·Lokpobiri to IOCs: Nigeria has created right conditions, it’s time to invest

·Insists on withdrawal of licences from unproductive oilfield owners

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB), a critical financial institution aimed at bridging the funding gap in the continent’s oil and gas industry.

The milestone…