Launch of Africa Energy Bank delayed again in blow to oil and gas hopes

The launch of the Africa Energy Bank (AEB) has been put back yet again, raising doubts about the institution's future ability to finance fossil fuel projects - its main objective - as global lenders retreat from such investments over climate concerns, experts told Climate Home News.

The bank, which had been billed to launch in September after a series of delays, is now scheduled to begin operations in November, according to the head of the African Energy Chamber, an advocacy body for the continent's oil and gas sector.

Even as the world a


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