By Enyichukwu EnemannaThe Secretary General of the African Petroleum Producers Organisation (APPO) has said Africa is overdue to set up the Africa Energy Bank (AEB), a devoted bank to address the funding gap in the continent’s energy sector, expressing hope that the bank which will soon come into existence will harness the potentials in the energy sector and address climate and environmental issues in Africa.
Other APPO members include, Algeria, Angola, Benin, Cameroon, Chad, Congo, DR Congo, Côte d’Ivoire, Egypt, Ghana, Equatorial Guinea, Gabon, Libya, Namibia, Niger, Senegal and South Africa.
The Secretary General said it was impossible for African countries to develop without using their oil and gas resources.
According to her, this was while progress towards oil production, the drilling of wells and the construction of a central production processing facility were still ongoing.
Ghana’s Minister of Energy, Dr. Matthew Opoku Prempeh said regional cooperation was essential in the sector.
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