Aig-Imoukhuede Calls for Capital Utilization Reform in Africa

Aigboje Aig-Imoukhuede, the Chairman of Access Holdings Plc (NGX: ACCESSCORP), addressed African policymakers, central bankers, and financial institutions at the African Financial Industry Summit (AFIS) 2026 in Luanda. His keynote address, themed “Making Capital Count: From Financial Stability to Productivity, Prosperity and African Integration,” emphasized that progress should be measured by the effective deployment of capital to foster productivity and prosperity rather than its volume or cost.

He noted the participation of over 1,500 attendees, including 18 central bank governors, indicating a growing consensus on necessary reforms for economic transformation in Africa. Aig-Imoukhuede identified three key challenges for capital usage: releasing trapped capital for SMEs, mobilizing domestic savings for long-term investments, and addressing excessive government borrowing that limits financing for manufacturers and entrepreneurs.

He stressed that a stable banking system must also support production, create jobs, and improve living standards.