Sterling Bank Hosts Agriculture Summit to Boost Food Power

Sterling Bank has organized the Agriculture Summit Africa (ASA) for September 15-16, 2026, in Abuja, under the theme “Building the Next Superpower: Africa’s Food Power Play.” This initiative aims to unite investors, policymakers, development partners, and agribusiness leaders to unlock Africa's agricultural potential. The summit addresses the paradox of Africa's agricultural sector, which, despite having abundant arable land and a growing consumer market, remains heavily reliant on food imports.

Dele Faseemo, Group Executive, Corporate and Investment Banking at Sterling Bank, highlighted the bank's commitment to agriculture, noting a 39 percent increase in financing across sectors, reaching N331.7 billion in 2025. Olushola Obikanye, Group Head of Agric Finance and Solid Minerals at Sterling Bank, emphasized that Africa's food challenges present significant economic opportunities, as the continent possesses 60 percent of the world's uncultivated arable land while spending billions on food imports.

The summit aims to foster investment and partnerships to transform Africa's food systems.