Afreximbank, African Petroleum Producers Organization (APPO) Launch African Energy Bank in Angola

In response to the coordinated withdrawal of international trade and project financing from Africa’s oil and gas industry, Afreximbank and APPO have signed an agreement for the creation of an African Energy Transition Bank The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organization (APPO), who have had a long, mutually beneficial relationship, have signed an agreement for the joint establishment of an African Energy Bank (www.EnergyChamber.org) at the 8th African Petroleum Congress and Exhibition

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Angola’s debt to China drops to USD 21.4 billion

Angola’s debt to China fell by USD 351 million in the first quarter, to USD 21.4 billion, according to data from REDD Intelligence. The rise in oil prices is helping the Portuguese-speaking African country, the second largest oil producer in sub-Saharan Africa, to reduce debt to Chinese creditors, according to data quoted by the South China Morning Post. Angola´s debt to Chinese creditors has remained stable at USD 22 billion in the last two years, but

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