The Chairman of Access Holdings Plc, Aigboje Aig-Imoukhuede, has warned that Africa’s economic growth will remain constrained unless banks move beyond profitability and financial stability to finance businesses, infrastructure and job creation.
He also called for the development of globally competitive African banks, improved access to credit and deeper financial integration before the continent considers adopting a common currency.
Speaking recently at the closing session of the Africa Financial Summit 2026 in Luanda, Angola, Aig-Imoukhuede said Africa could no longer afford a financial system where banks remained profitable while businesses struggled to secure funding and millions of people faced limited economic opportunities.
“A banking system can be, well, can be as safe as you want it to be. It can be profitable, but then it can still serve an economy that is very underperforming,” he said, according to a statement.
Addressing the summit’s theme, ‘Making Capital Count: Unlocking Growth Through
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