Sterling Bank, Others Seek $300m to Unlock Africa’s Agricultural Value Chain

THISDAYLIVE | 05-10-2026 02:47am |

Sterling Bank and its partners are targeting a $300 million investment pipeline from the Agriculture Summit Africa 2026. The bank aims to attract financing into processing, logistics, storage, and other businesses to retain more value within African economies. Sterling's agricultural lending reached ₦277 billion as of April 2026, representing 18 percent of its loan book, up 30 percent year-on-year. Despite increased credit, the sector faces challenges in converting production into commercially viable businesses and higher-value exports.

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