Non-Interest Banking Key to Closing $42bn Women Financing Gap in Africa — Alternative Bank Regional Head
By SAMUEL CHUKWUKA Lagos — Dr Felicia Tamuno, Institutional Banking Lead at The Alternative Bank, Nigeria’s leading non-interest financial institution, has called for a major shift in Africa’s banking system, urging greater adoption of non-interest and ethical finance models to bridge the massive financing gap facing women entrepreneurs. Speaking at the African Women in Banking and Finance Conference & Awards 2026, Tamuno said traditional interest-based lending models, which rely heavily on fixed asset collateral, property titles, and long credit histories, continue to exclude millions of women operating in the informal and semi-formal sectors.“Many women-led businesses remain locked out of formal finance despite their enormous…












