Africa’s Banks Must Drive Growth, Not Just Profits, Says Aig-Imoukhuede

Oluchi Chibuzor, Chairman of Access Holdings Plc, Aigboje Aig-Imoukhuede, has emphasized that Africa's economic growth is limited by the banking sector's focus on profitability alone, rather than financing businesses, infrastructure, and job creation. Speaking at the Africa Financial Summit (AFIS) 2026 in Luanda, Angola, Aig-Imoukhuede called for globally competitive African banks, easier access to credit, and deeper financial integration before the continent pursues a common currency.

He highlighted poor access to working capital as a major obstacle for small businesses, urging governments, central banks, and financial institutions to measure their success by their contribution to economic development and improved living standards.

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