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Western banks to miss out on African oil boom

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

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AOW

International commercial banks are exiting the African oil-and-gas sector to minimise their hydrocarbons exposure.

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Western Banks To Miss Out On African Oil Boom

Western banks aren’t eager to finance new African oil projects whereas private equity and Chinese banks are stepping up as the new financiers in the region

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Bloomberg: African Banks, Trafigura Partly Fill Oil-field Financing Gap on Continent

Bloomberg: African Banks, Trafigura Partly Fill Oil-field Financing Gap on Continent
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Trafigura, African Banks Partly Fill Oil-Field Financing Gap

Trafigura, African Banks Partly Fill Oil-Field Financing Gap
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Cape townWestern capeSouth africaPascal nicodemeTamoor aliAfrica oil corpTrafigura ltdChief financial officer pascalAfrican export import bankBabajide bode harrison