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The Alternative Bank drives African growth with social impact capital

The catalytic capital model prioritises social and environmental impact alongside financial returns.

According to the bank, the model is deeply ingrained in its ethos, noting that its interest-free financing model aligns perfectly with these principles, ensuring investments not only generate profits but also contribute to societal well-being.

The summit, themed ‘Reimagining Progress: A New Blueprint for Sustainable Growth in Africa,’ brought together influential figures from both public and private sectors.

The Deputy Governor of Lagos State, Obafemi Hamzat, representing Governor Babajide Sanwo-Olu, emphasised the critical role of catalytic capital in driving sustainable development.

“ASIS 2024 must catalyze collaboration and action towards sustainable development in Africa. Public-private partnerships, fuelled by catalytic capital, are essential for attracting impactful investments,” Hamzat remarked.

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