Two African banks stake $16 billion in oil, gas projects
About $16 billion is being invested in oil and gas projects across Africa by the African Export Import Bank (Afreximbank) and the African Finance Corporation (AFC).
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About $16 billion is being invested in oil and gas projects across Africa by the African Export Import Bank (Afreximbank) and the African Finance Corporation (AFC).
Afreximbank is investing $15 billion of the banks' investment, while AFC has already made over $800 million in investments and is expecting to finalize over $200 million more.
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