Africa Energy Bank to Boost Angola’s Oil and Gas Ambitions.

Monday 1st June 2025

Par inAfrika Reporter

Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), will once again headline the Angola Oil & Gas (AOG) conference, set to take place September 3–4 in Luanda. His participation comes at a pivotal time as APPO prepares to launch the Africa Energy Bank (AEB), an ambitious new financial institution designed to bridge the financing gap in Africa’s oil and gas sector.

The AEB, headquartered in Abuja, Nigeria, is slated to begin operations this June, following final arrangements made earlier this year. It will launch with $5 billion in initial capital, supported by an $83 million commitment from each APPO member state. As of March 2025, Angola, Nigeria, and Ghana had already made their contributions an indication of strong regional backing from major hydrocarbon producers.

At AOG 2025, Ibrahim is expected to shed light on the AEB’s significance in supporting Angola’s development goals. Angola, sub-Saharan Africa’s second-largest oil producer, is working to maintain output above one million barrels per day beyond 2027. In parallel, it is advancing gas monetization projects, with its first non-associated gas development coming online by early 2026. The AEB is poised to provide crucial financing for these initiatives, empowering developers to move from exploration to production with greater speed and confidence.

The AOG conference has earned its place as the premier event for Angola’s energy industry. Backed by national institutions including the Ministry of Mineral Resources, Oil and Gas, and the national oil company Sonangol, it serves as a platform for deal-making and policy engagement. Ibrahim’s return underscores APPO’s commitment to seeing Angola succeed as it reforms its fiscal regime and finalizes a new Gas Master Plan.

Structured to accommodate African and international investors alike, the AEB will offer three classes of shareholders: Class A for founding states and Afreximbank, Class B for other African nations and their national oil companies, and Class C for external investors. This structure is intended to attract broad investment while keeping the institution anchored in African priorities.

Ibrahim’s address at AOG 2025 will offer insights not just into the AEB’s structure and strategy, but into its practical implications for Angola’s upstream and midstream projects. For stakeholders in Angola’s energy future, the launch of the AEB represents both opportunity and momentum an African solution for African challenges.