Aigboje Aig-Imoukhuede calls Africa's risk premium a 'tax on development'
Billionaires Africa | 21.05.2026 19:17
Aigboje Aig-Imoukhuede, chairman of Access Holdings Plc and president of the France-Nigeria Business Council, told the Africa Forward Summit in Nairobi the continent now sits at the center of global economic shifts but will not capture the moment without confronting its cost of capital. Speaking before 18 African heads of state, including Nigerian President Bola Tinubu, Kenyan President William Ruto and French President Emmanuel Macron, Aig-Imoukhuede said African sovereigns and corporates routinely borrow at four to 15 percent above US Treasury rates, with distressed pricing extending to 20 percent even in the absence of default.
