A top African energy advocate is accusing Western banks of unfairly discriminating against African oil and gas projects, calling it “financial apartheid.” NJ Ayuk, chairman of the African Energy Chamber, claims that while Western countries enjoy investments in their energy sectors, African nations are being denied similar support due to biased policies under the guise of climate change. He argues that this discrimination not only hinders Africa’s economic growth but also perpetuates a form of modern colonialism. To fight back, the Chamber plans to take these financial institutions to court, seeking justice for what they see as the unjust treatment of Africa’s energy potential.

The leader of a key African energy group is accusing Western financial institutions of unfairly treating African oil and gas projects. According to NJ Ayuk, chairman of the African Energy Chamber (AEC), Western banks are being "very unjust, hypocritical, and colonial" in their approach to financing energy...