The Race to Host the Africa Energy Bank Is Heating Up ...Middle East

OILPRICE - Economy
The Race to Host the Africa Energy Bank Is Heating Up
source : OILPRICE ( Middle East ) () 52
Nigeria is facing mounting opposition from neighbors and other countries to its bid for the headquarters of the Africa Energy Bank, a proposed initiative to support investments in the continent's hydrocarbon system. The final decision on the location of the new institution is due to be made by the end of this month and some fierce lobbying has been going on in the run-up to that decision, Nigerian media report. The concept of an African energy bank originated with the African Petroleum Producers’ Organization, with help from the African…

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