The African Energy Chamber (AEC) is protesting what it sees as discrimination by Western lenders in supporting the continent’s oil and gas projects, with owners and investors forced to suspend development plans, or into alternative local sourcing.
Nj Ayuk, the chamber’s executive chairman, told The EastAfrican that by refusing to bankroll Africa’s oil and gas projects, with a direct bearing on the continent’s transitioning from energy poverty, lenders from the global north are engaging in financial apartheid that has nearly crippled the industry.
