The pan-African multilateral export and import bank, Afreximbank, made an historic move to enhance access to modern Energy in Africa by partnering African Energy Investment Corporation (AEICorp), an affiliated organisation of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.
The framework agreement was signed in the presence of H.E Tarek El Molla, Minister of Petroleum and Mineral Resources and H.E Dr. Omar Farouk, Secretary General of the APPO by Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank and Mr. Zakaria Dosso, Managing Director of AEICorp.
Speaking at the event, Prof. Oramah, stated that:
“Afreximbank is proud to be part of this effort and is eager to provide AEICORP the benefits of its knowledge of the Continent; knowledge of financing extractive industries; and skills in structuring complex transactions,”
“Afreximbank‘s support will include cooperating with AEICORP to facilitate market penetration plans as well as developing projects across Africa. The Bank is looking forward to working alongside AEICORP for the development and transfer of skills, and the leveraging of existing relationships to fast track the institutionalization of AEICORP on the Continent, he added.
Mr. Zakaria Dosso, Director of the AEICORP appreciated Minister El Mollah for his guidance and support in the negotiation process and assured that AEICorp was determined to transform the African energy scene.
Present at the event are Afreximbank President, Prof. Benedict Oramah, H.E Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources; Dr. Omar Farouk, Secretary General of the APPO and Mr. Zakaria Dosso, Managing Director of AEICorp.