Absa Group doubles down on agribusiness financing, calls sector key to Africa’s transformation
Published . Category: Finance.
Absa Group remains one of the largest commercial banks driving agricultural financing across the continent, with its leadership saying the sector is key to Afr…
Absa Group remains one of the largest commercial banks driving agricultural financing across the continent, with its leadership saying the sector is key to Africa’s long-term economic transformation agenda. Speaking at the 2026 African Agri-Investment Summit in Accra on Wednesday, Absa Group Chief Executive for Corporate and Investment Banking Charles Russon said agriculture contributes over 23% of sub-Saharan Africa’s GDP but receives less than 5% of commercial bank lending. Absa disclosed it…