AfricaUnion<p>The African <a href="https://mastodon.africa/tags/Energy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Energy</span></a> <a href="https://mastodon.africa/tags/Bank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bank</span></a> will be installed by June 2024. In the meantime, the <a href="https://mastodon.africa/tags/battle" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>battle</span></a> is raging between the <a href="https://mastodon.africa/tags/African" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>African</span></a> <a href="https://mastodon.africa/tags/countries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>countries</span></a> to host the headquarters of this decisive structure in the empowerment of the continent which so far is forced to <a href="https://mastodon.africa/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> itself elsewhere…</p><p>It remains to separate <a href="https://mastodon.africa/tags/Nigeria" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Nigeria</span></a>, <a href="https://mastodon.africa/tags/Ghana" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ghana</span></a>, <a href="https://mastodon.africa/tags/South" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>South</span></a> Africa, <a href="https://mastodon.africa/tags/Egypt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Egypt</span></a>, <a href="https://mastodon.africa/tags/Benin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Benin</span></a>, <a href="https://mastodon.africa/tags/Ivory" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ivory</span></a> Coast, <a href="https://mastodon.africa/tags/Libya" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Libya</span></a> and <a href="https://mastodon.africa/tags/Algeria" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Algeria</span></a>. According to the <a href="https://mastodon.africa/tags/OilPrice" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>OilPrice</span></a> <a href="https://mastodon.africa/tags/media" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>media</span></a>, with such a <a href="https://mastodon.africa/tags/bank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bank</span></a>, Africa will be able to step up in the global <a href="https://mastodon.africa/tags/energy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>energy</span></a> <a href="https://mastodon.africa/tags/supply" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>supply</span></a>, thanks to <a href="https://mastodon.africa/tags/investments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>investments</span></a> that can be <a href="https://mastodon.africa/tags/mobilized" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>mobilized</span></a> more easily on the spot.</p><p><a href="https://mastodon.africa/tags/Omar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Omar</span></a> <a href="https://mastodon.africa/tags/Farouk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Farouk</span></a> <a href="https://mastodon.africa/tags/Ibrahim" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ibrahim</span></a>, the secretary general of the <a href="https://mastodon.africa/tags/Organization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Organization</span></a> of <a href="https://mastodon.africa/tags/African" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>African</span></a> <a href="https://mastodon.africa/tags/oil" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>oil</span></a> <a href="https://mastodon.africa/tags/producers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>producers</span></a> (<a href="https://mastodon.africa/tags/APPO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>APPO</span></a>), the organization that initiated this mega project, has unveiled the criteria that will be taken into account to designate the country that will house the Energy Bank. Mr. Ibrahim indicated, on March 4, 2024 during an intervention at the International Energy Summit in Nigeria, that the winner will have to have suitable premises and have <a href="https://mastodon.africa/tags/subscribed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>subscribed</span></a> to the <a href="https://mastodon.africa/tags/social" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>social</span></a> <a href="https://mastodon.africa/tags/capital" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>capital</span></a> of the bank.</p><p>So far Ghana is in pole position but Nigeria, the continent's largest economy, is banging its fist on the table by asserting its status as the leading oil producer in Africa. And what about Algeria, which has just wrested from Nigeria its place as the leading gas exporter; South Africa, the continent's second largest economy; Egypt, which is also a major gas producer and has the confidence of foreign donors and investors. Etc. When we told you that the battle to shelter this siege will be tough.</p><p>For all these contenders, the stakes are twofold: More exposure and influence on the regional and international energy market, but also privileged access to large energy investments. We have learned that Algeria, Egypt, Libya and Nigeria have been working hard for several months to be designated…</p><p><a href="https://www.tunisienumerique.com/lafrique-file-vers-son-autonomie-avec-sa-propre-banque-de-lenergie-8-pays-se-battent-pour-accueillir-le-siege/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">tunisienumerique.com/lafrique-</span><span class="invisible">file-vers-son-autonomie-avec-sa-propre-banque-de-lenergie-8-pays-se-battent-pour-accueillir-le-siege/</span></a></p>