In a significant step for Africa's energy sector, Nigeria, Angola, and Ghana have fulfilled their capital commitments towards establishing the Africa Energy Bank (AEB), representing 44% of the minimum required funding from African Petroleum Producers Organization (APPO) members. The AEB aims to finance oil and gas projects across the continent, addressing funding challenges posed by traditional Western financial institutions' environmental concerns. Beyond the initial three countries, five more APPO member states have pledged their payments, aligning with the bank's goal to start operations by the first half of 2025. Nigeria, as the largest oil producer in sub-Saharan Africa, is pushing major projects with regulatory reforms and recent final investment decisions (FIDs) but requires additional financing for its gas agenda. Angola is diversifying its energy portfolio with deepwater developments and plans to make an FID on a green hydrogen project by 2025, alongside leading a non-associated gas project. Ghana, on the other hand, is enhancing its position in the oil and gas sector with new commitments and regulatory changes. The establishment of AEB is seen as a strategic move to provide tailored financing solutions, accelerate energy project development, improve energy security, and drive economic growth in Africa.