FEATURE : ENERGY infrastructure , either by reserving a portion of their hydrocarbon revenues for this purpose or by enlisting the help of their foreign partners .
THE AFRICAN EXPORT- IMPORT BANK SIGNED AN AGREEMENT WITH THE AFRICAN PETROLEUM PRODUCERS ORGANISATION ON THE JOINT ESTABLISHMENT OF A SPECIAL MULTI- LATERAL FINANCIAL INSTITUTION , THE AFRICAN ENERGY BANK .
Scale out plants
Infrastructure development
They must establish additional pipelines , fuel distribution networks , and electricity lines to ensure that both rural and urban consumers can access these new resources and escape energy poverty . As they do so , they will establish the transmission and distribution infrastructure needed for renewable energy facilities . They will also be building pipelines that can carry hydrogen , or a mixture of natural gas and hydrogen .
Local capacity
African oil and gas producers should also seek to maximise their own capacities as they develop their own subsurface resources . The development process should focus on training for local workers , technology transfers , and investment in related sectors of the economy , including those that can add value to the natural resources themselves , such as refining and petrochemicals .
In taking these steps , African oil and gas producers will be spending their money wisely . They will be investing in the future , using what they earn to build a base for something improved .
African Energy Bank
They need to build gas-fired plants that can provide cleaner power than existing coal- and petroleum product-burning plants ; liquid petroleum gas plants that can replace traditional biomass fuels such as wood and charcoal , which contribute to health problems and deforestation ; and compressed natural gas plants that can produce fuel for vehicles .
In May 2022 , the African Export-Import Bank , Afreximbank signed an agreement with the African Petroleum Producers Organisation , APPO on the joint establishment of a special multi-lateral financial institution , the African Energy Bank , to provide support for the shift away from fossil fuels . The agreement calls for APPO ’ s member states to provide equity for the
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