The African Banker Awards 2019 edition were held at the Gala Dinner on the sideline of the African Development Bank (AfDB) meeting in Malabo, Equatorial Guinea. The annual awards, were held to celebrate excellence in banking and finance on the African continent.
The Awards winners for this year’s event are:
African Bank of the Year – Afreximbank. Awarded for launching a number of game changing products in the last 18 months
African Banker of the Year – Admassu Tadesse, President Of Trade Development Bank (TDB) of Ethiopia. TDB has grown its portfolio 5 folds since Admassu took over as President, increasing its presence in East and Southern Africa where it operates.
Lifetime Achievement Award – Sizwe Nxasana, the former CEO of First Rand Group, South Africa. Under whose leadership, the bank grew at a compound annual growth rate of 20%.
The African Banker Icon Award – Mitchell Elegbe, founder of Interswitch group. The payments service provider whose company is predicted to be Africa’s first Africa-led unicorn – tech startup whose value exceeds $1bn.
Central Bank Governor of the Year Awards – Tarek Amer, Egyptian Central Bank Governor. For his work in restoring faith in Egypt’s markets, contributing to making it one of the fastest growing economies in the world and one of the best performing in emerging markets.
Ministers of Finance of the Year– Romuald Wadagni, Benin Republic Finance Minister. He has managed to considerably improve the country’s macro-economic indicators as well as embarked on a number of reforms to structurally transform of the economy.
Equity Deal of the Year – Vivo Energy IPO, by Standard Bank and RMB of South Africa.
Debt Deal of the Year – $2.2bn Senegal Eurobond.
Infrastructure Deal of the Year– Credit Agricole and TDB’s financing of the Floating LNG platform in Mozambique.
Best Retail Bank in Africa – Ecobank
Award for Financial Inclusion – Bank of Industry, Nigeria
Investment Bank of the Yea – Absa Capital, South Africa
Socially Responsible Bank of the Year – Equity Bank, Kenya
Innovation in Banking – KCB, Kenya
Special Commendation for their contribution to the development and financing of the Rural Sector – Banco Nacional de Guinea Ecuatorial (BANGE)
Regional Banks of the Year
East Africa – KCB, Kenya
West Africa – Orabank
North Africa – Banque de l’Habitat (Tunisia)
Southern Africa – Mauritius Commercial Bank
Central Africa – BGFI, Gabon
Special Commendation – JUMO, South Africa
Omar Ben Yedder, Publisher of African Banker while commenting on the performance of the banks shortlisted for the 2019 awards said:
Undoubtedly FinTech was the most buoyant sector in terms of tech investments and we are yet to truly see the transformative impact it can have. Despite the positive stories from the banking sector, the words of the winner of our Banker of the Year still resonate when he said last year at the Africa Investment Forum: we need to speed up, scale up and synergise.
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