March 17

Two African Banks Stake $16 Billion in Oil, Gas Projects

By Kingsley Jeremiah, Cape Town

About $16 billion is being invested in oil and gas projects across Africa by the African Export Import Bank (Afreximbank) and the African Finance Corporation (AFC).

This was disclosed yesterday at the ongoing African Refiners and Distribution Association (ARDA) conference in Cape Town, South Africa.

Photo courtesy of Steve Taylor.

Source: The Guardian (link opens in a new window)

Energy, Investing