The Aig-Imoukhuede Foundation and Access Bank Group have pledged $300 million in charitable commitments over the next 20 years to fund African government initiatives and transform national economic performance.
Of the amount, Access Bank contributed $200 million, while Aig-Imoukhuede Foundation committed $100 million.
Speaking about the commitment, Aigboje Aig-Imoukhuede, Chairman, Access Holdings and Co-Founder, Aig-Imoukhuede Foundation, said, “We can’t wait to be saved, Africans need to solve Africa’s problems. This $300 million commitment reflects this reality.”
Appropriately, this announcement was made at the Africa CEO Forum 2024 in Kigali, Rwanda, where this year’s theme is ‘At the table or on the menu?’ CEOs from across the continent joined to discuss how Africa can demand a seat at the global table rather than continuing to wait to be invited.
President Paul Kagame, President of the Republic of Rwanda and Aigboje Aig-Imoukhuede, Chairman, Access Holdings PLC, at the Africa CEO Forum 2024 in Kigali
The fund will see the creation of an African-led Super NGO in partnership with academics, experts and philanthropists across the globe who are committed to closing the gap between Africa and the rest of the world. The NGO will work with African governments to provide the funding, governance and talent required to successfully execute game-changing government reform programs, especially in the delivery of digital public infrastructure.
Jeanine Munyeshuli, Minister of State in Charge of Public Investment and Resource Mobilisation, Rwanda; Sidi Ould Tah, President of BADEA; Aigboje Aig-Imoukhuede, Chairman, Access Holdings PLC; Ralph Mupita, Group President & CEO of MTN, and Sérgio Pimenta, Regional Vice President for Africa, IFC, at the Africa CEO Forum 2024 opening panel in Kigali
This development comes as Ajay Banga, President of the World Bank, has warned wealthy countries that it would be shortsighted to “ignore” Africa. This landmark Africa-led initiative could not have been better timed.
“We African leaders cannot sit back and watch the 4th Industrial Revolution transform the rest of the world while leaving Africa falling further behind. We have to create our own ‘table’ by using technology to unlock the power of our youth, giving Africa a greater voice in the world. It’s today’s leaders who will determine whether or not we grab this opportunity,” Aigboje Aig-Imoukhuede continued.
The availability of digital public infrastructure is a proven and cost-effective way for developing nations to break free of the status quo. It provides citizens with access to the same public goods and services available to citizens of advanced nations. The India Stack has become a shining example of what can be achieved when visionary public and private sector leaders partner for development.
Aigboje Aig-Imoukhuede, Chairman, Access Holdings PLC and Co-founder, Aig-Imoukhuede Foundation and Ofovwe Aig-Imoukhuede, Co-founder, Aig-Imoukhuede Foundation, on the sidelines of the Africa CEO Forum 2024 in Kigali
The Access Bank and Aig-Imoukhuede Foundation-inspired Today’s leaders NGO will make such partnerships a reality and deliver measurable improvements to the lives of Africans across the continent.
Aigboje Aig-Imoukhuede, Chairman, Access Holdings PLC and Co-founder, Aig-Imoukhuede Foundation and Ofovwe Aig-Imoukhuede, Co-founder, Aig-Imoukhuede Foundation, on the sidelines of the Africa CEO Forum 2024 in Kigali
The Aig-Imoukhuede Foundation is a public sector-focused philanthropic organisation founded by Aigboje and Ofovwe Aig-Imoukhuede to improve the lives of Africans through transformed public service delivery and increased access to quality primary healthcare. The Aig-Imoukhuede Foundation accomplishes its mission by supporting the reform initiatives of public sector entities, providing financing, technical support, and capacity-building programmes and resources for the public sector workforce. The Foundation also provides funding and strategic support to drive the work of affiliate organisations such as Africa Business Coalition for Health (ABC Health), the Private Sector Health Alliance of Nigeria (PSHAN), the Nigerian Solidarity Support Fund (NSSF) and others.
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