By Adaobi Rhema Oguejiofor
The African Export-Import Bank (Afreximb), a Pan-African multilateral trade finance institution, over the weekend said that the demand for energy in Nigeria and other African countries is expected to grow by 50 percent in the next two decades.
This was stated by the Bank’s Global Head and Director of Client Relations, Rene Awambeng, while pushing for more energy investments on the African continent during the International Energy (IE) Week in London.
He said that this growing demand will create opportunities for decarbonized energy infrastructure projects, storage, and logistics, which will help increase energy security for Afreximbank member states.
Awambeng added that, to ensure profitability, energy infrastructure projects would need to account for energy transition.