{"id":13667,"date":"2023-05-08T07:07:54","date_gmt":"2023-05-08T07:07:54","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13667"},"modified":"2023-05-08T07:13:45","modified_gmt":"2023-05-08T07:13:45","slug":"member-countries-asssured-of-the-protection-of-their-interest-in-the-africa-energy-bank-appo","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/member-countries-asssured-of-the-protection-of-their-interest-in-the-africa-energy-bank-appo\/","title":{"rendered":"Member Countries Asssured of the Protection of their Interest in the Africa Energy Bank &#8211; APPO"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>APPO\u2019s Secretary General (SG), H.E. Dr Omar Farouk Ibrahim, has assured Member Countries of the protection of their interest in the Africa Energy Bank.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Delivering a goodwill message at the 6<sup>th<\/sup>&nbsp;edition of the Nigeria International Energy Summit (NIES) held recently in Abuja, Nigeria, the SG said that the process of establishing the bank, a partnership between APPO and Afreximbank has reached an advanced stage. He further said that a decision would be taken soon on the location of its headquarters and a take-off date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While reiterating that the bank\u2019s primary objective is to finance oil and gas projects in Africa in the face of the challenges being faced by Africa\u2019s Oil and Gas Industry as a result of the global paradigm shift away from fossil fuels to renewable energies, Dr. Ibrahim disclosed that sovereign nations and investors outside Africa who do not share the bank\u2019s vision would not be allowed to hold shares in the Bank. He listed those eligible to hold shares to include, all African countries and their NOCs, other investors as well as NOCs outside Africa.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SG also used the opportunity to express APPO\u2019s appreciation to the President and Commander in Chief of the Federal Republic of Nigeria, HE Muhammadu Buhari for his encouragement in the process of founding the Africa Energy Bank, evidenced not only in approving Nigeria\u2019s subscription to the capital of the bank but also ensuring that some payments were made.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 6<sup>th<\/sup>\u00a0edition of NIES which was described as the valedictory edition of the Muhammadu Buhari administration featured top Nigerian Government functionaries including Nigeria\u2019s Vice President, Professor Yemi Osibanjo, the Secretary to the Government of the Federation, Mr Boss Mustapha and some Ministers of Petroleum\/ Hydrocarbon of APPO Member countries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">APPO\u2019s SG, Dr. Omar Farouk Ibrahim was honoured with a recognition award from the organizers of the event for his immense contribution to the development of the African Oil and Gas industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>APPO\u2019s Secretary General (SG), H.E. Dr Omar Farouk Ibrahim, has assured Member Countries of the protection of their interest in the Africa Energy Bank. Delivering a goodwill message at the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/member-countries-asssured-of-the-protection-of-their-interest-in-the-africa-energy-bank-appo\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7447,7442,7443,7446,7445,11,7444],"tags":[9405,11235,11237,7039,11236],"class_list":["post-13667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa","category-countries","category-eastern-africa","category-north-africa","category-southern-africa","category-top-news","category-west-africa","tag-afreximbank","tag-africa-energy-bank","tag-african-petroleum-producers-organization-2","tag-appo","tag-nigeria-international-energy-summit","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/APPO-Dr-Omar.jpg?fit=1600%2C1066&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3yr","jetpack-related-posts":[{"id":15614,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-completes-final-obligations-for-the-launch-of-the-africa-energy-bank\/","url_meta":{"origin":13667,"position":0},"title":"Nigeria Completes Final Obligations for the Launch of the Africa Energy Bank","author":"","date":"February 3, 2026","format":false,"excerpt":"Nigeria has completed its final obligations for the launch of the Africa Energy Bank, paving the way for the institution to begin operations. At a handover ceremony in Abuja on Monday, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said the Federal Government had finished procuring, constructing\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/APPO-NNPC.jpg?fit=1008%2C756&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/APPO-NNPC.jpg?fit=1008%2C756&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/APPO-NNPC.jpg?fit=1008%2C756&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/APPO-NNPC.jpg?fit=1008%2C756&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14338,"url":"https:\/\/www.oilnewskenya.com\/index.php\/the-africa-petroleum-producers-organisation-afreximbank-sign-the-establishment-agreement-of-the-africa-energy-bank-declaring-it-open-for-signature-by-prospective-member-states\/","url_meta":{"origin":13667,"position":1},"title":"The Africa Petroleum Producers\u2019 Organisation, Afreximbank Sign the Establishment Agreement of the Africa Energy Bank, Declaring it Open for Signature by Prospective Member States","author":"","date":"June 5, 2024","format":false,"excerpt":"African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers\u2019 Organisation (APPO) have announced the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank (AEB) at a ceremony held at the Ministry of Petroleum and Mineral Resources of the Arab Republic of Egypt. The event was\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Africa-Energy-Bank.png?fit=1199%2C603&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Africa-Energy-Bank.png?fit=1199%2C603&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Africa-Energy-Bank.png?fit=1199%2C603&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Africa-Energy-Bank.png?fit=1199%2C603&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Africa-Energy-Bank.png?fit=1199%2C603&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12258,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afreximbank-appo-mou-creates-africa-energy-bank-to-finance-africas-oil-and-gas-projects\/","url_meta":{"origin":13667,"position":2},"title":"Afreximbank, APPO MoU Creates Africa Energy Bank to Finance Africa&#8217;s Oil and Gas Projects","author":"","date":"May 17, 2022","format":false,"excerpt":"Pan-African multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO) for the creation of a multi-billion-dollar energy bank. Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11390,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-to-continue-exploiting-hydrocarbon-resources-while-exploring-the-use-of-renewable-energies-appo\/","url_meta":{"origin":13667,"position":3},"title":"Africa to Continue Exploiting Hydrocarbon Resources While Exploring the Use of Renewable Energies &#8211; APPO","author":"","date":"December 15, 2021","format":false,"excerpt":"The Council of Ministers of the African Petroleum Producers\u2019 Organization (APPO) just ended its 41st\u00a0Ministerial Session with a resolve to continue the exploitation of its Member Countries\u2019 huge oil and gas resources for the economic emancipation of its people while also exploring the use of renewable energies. The Session which\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Sudan-Oil.jpg?fit=768%2C469&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Sudan-Oil.jpg?fit=768%2C469&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Sudan-Oil.jpg?fit=768%2C469&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Sudan-Oil.jpg?fit=768%2C469&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14811,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-energy-bank-gains-momentum-with-capital-contributions-from-nigeria-angola-and-ghana\/","url_meta":{"origin":13667,"position":4},"title":"Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola and Ghana","author":"","date":"April 2, 2025","format":false,"excerpt":"\u00a0In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from African Petroleum Producers Organization (APPO) members to initiate the bank's operations. Dr. Omar Farouk Ibrahim, Secretary\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/ReconAfrica-Rig.jpg?fit=403%2C518&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7304,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-petroleum-producers-organization-appo-secretary-general-pushes-africa-wide-cooperation-reforms-18-member-petroleum-producers-organization\/","url_meta":{"origin":13667,"position":5},"title":"African Petroleum Producers Organization (APPO) Secretary General Pushes Africa-wide Cooperation, Reforms to 18-Member Petroleum Producers\u2019 Organization","author":"","date":"December 18, 2018","format":false,"excerpt":"The Secretary General of the African Petroleum Producers\u2019 Organization (APPO) is calling for action on reforming Africa\u2019s energy sector \u2014 including prioritizing intra-African trade, creating economic diversification through the energy sector and calling for increased cooperation among Africa\u2019s oil producing and non-oil producing countries to strengthen Africa\u2019s position on the\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/APPO-Secretary-General.jpg?fit=600%2C418&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/APPO-Secretary-General.jpg?fit=600%2C418&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/APPO-Secretary-General.jpg?fit=600%2C418&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=13667"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13667\/revisions"}],"predecessor-version":[{"id":13669,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13667\/revisions\/13669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13668"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}