The African Energy Chamber (AEC), as the voice of the African energy sector, and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry during the first day of the African Energy Week (AEW) conference and exhibition – which runs from October 18 – 21 in Cape Town.
Signed by NJ Ayuk, the Executive Chairman of the AEC and Prof. Benedict Oramah, President, Afreximbank, the MoU will pave the way for increased participation of private sector investors and local service companies in boosting capital across Africa’s entire hydrocarbon industry, with the AEC leading various mechanisms aimed at simplifying the entrance and expansion of financial institutions.
