Funding disconnect
African banks are among the most profitable in the world, yet credit to the private sector remains thin. At the Africa Financial Summit in Luanda, policymakers and financiers are weighing how to turn local capital into loans, jobs and growth.
African banks are profitable: according to McKinsey, their return on equity reached 19% in 2024, against around 10% globally. The sixth Deloitte-AFIS barometer confirms the confidence of the institutions surveyed, with a score of 8/10, the same as in 2025.
In Angola, which is hosting the Africa Financial Summit (AFIS)* on 3 and 4 November, the banking sector’s total assets and profits grew by 11.5% and 23%, respectively.
