APPO promotes AEB with Afreximbank support addressing upstream oil/gas funding gap left by retreating Western lenders/export credit agencies. Initial $5bn capital; first phase mobilizes $10bn focusing producers under investment pressure/supply relevance.
Rather than replacement, AEB crowds international finance offering risk-sharing, balance-sheet support, APPO certification screening standards/compliance/execution for commercially viable politically sensitive projects (refineries/pipelines/gas/renewables).
Nigeria hosts completed Abuja HQ, Angola/Libya early focus holding largest reserves/export infra/production upside amid fiscal/underinvestment constraints. Pragmatic capital deployment maximizes impact signaling commercial mandate.
Major IOCs Shell/Eni express support adding technical credibility; global operators view African hydrocarbons strategic with adapted financing. Test case African-led finance balancing energy security/export revenues/transition pathways amid rewriting global geopolitics.