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AFRICA ENERGY BANK
The Africa Energy Bank (AEB) was formally established on October 31, 2026, with Egypt's top banker, Mr Helmy Ghazi, emerging as the Bank’s inaugural president.
African oil-producing nations planning to launch a $5 billion energy bank next year in Abuja have already secured 45% of the required startup capital.
The federal government through its petroleum ministry is bidding to host the headquarters of the newly established $5 billion Africa Energy Bank (AEB) in Abuja, the federal capital territory.