African lenders formally establish $5 billion energy bank

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The African Export-Import Bank and the African Petroleum Producers' Organisation have officially created the Africa Energy Bank. This announcement was made in a statement released by Afreximbank on Saturday. The new bank has a formal establishment of 5 billion dollars.

The African Export-Import Bank and the African Petroleum Producers' Organisation have ​formally established the Africa Energy Bank, ‌according to a statement from Afreximbank on Saturday.

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