Sidi Ould Tah backs new African financial architecture
By the AFREEQUE newsroom, based on Financial Afrik
Sidi Ould Tah, president of the African Development Bank Group, called for a transformation of Africa’s financial architecture to better mobilise local savings and finance the productive economy. He cited an annual development financing gap of more than $400 billion at AFIS 2026 in Luanda, according to Financial Afrik.
The president of the African Development Bank (AfDB) Group, Sidi Ould Tah, called for a new African financial architecture to better mobilise local savings, pool risks and channel more capital towards the productive economy. He advocated this transformation at the Africa Financial Summit (AFIS) 2026, held on 3 and 4 November in Luanda, Angola, according to Financial Afrik.
Sidi Ould Tah highlighted the contrast between an annual development financing gap of more than $400 billion and estimated long-term domestic savings of around $4 trillion. These resources are notably held by pension funds, insurance companies and sovereign wealth funds. He also said that revenues in Africa’s banking sector had exceeded $100 billion in 2024, with a return on equity close to 19%.
The AfDB president called on financial actors to finance businesses, agriculture, infrastructure and regional value chains more. He said the central issue was no longer simply the development of African finance, but its contribution to financing the continent’s economic transformation.
