The 2024 edition of the African Banker Awards highlights business sustainability, gender equality, and banking infrastructure. In total, 59 institutions and personalities passed the first round of selection and are in the running for the Trophies of the Pan-African banking event of the year.
LONDON, England, May 7, 2024 -/African Media Agency(AMA)/- African Banker magazine today announces the list of nominees for this year’s African Banker Awards. Since its inception in 2007, the African Banker Awards have recognized exceptional individuals and organizations that are advancing the financial services sector in Africa.
The winners will be announced at a gala dinner on May 28 in Nairobi, Kenya, as part of the official program of the Annual Meetings of the African Development Bank Group.
The African Banker Awards are organized by IC Events. The event is placed under the high patronage of the African development bank.
The nominees were selected from a record number of applications from across the African continent. For the first time in its 18-year history, three of the candidates selected for the most prestigious title of Banker of the Year are women, reflecting the growing number of female leaders in finance.
Speaking regarding the Awards, Omar Ben Yedder, president of the Trophies committee, underlines the growing role of development financing institutions. “Over the years, we have seen the role of DFIs evolve,” he said. “They play an important role in structuring transactions and spurring development, often filling gaps in areas that are underserved or underrepresented.
“The financing gap in the areas of infrastructure, trade and climate means that the banking sector as a whole will need to be even better capitalized. But if we look back on the 18 years of existence of the Trophies, we see that the size of our national banks and the transactions they are capable of structuring are like day and night. The progress made is considerable.”
List of nominees for the African Banker Awards 2024:
Bank of the year
- African Export-Import Bank
- Ecobank
- KCB Group
- Rawbank
- Trade and Development Bank Group
- Uganda Development Bank
- United Bank for Africa
Banker of the year
- Admassu Tadesse – Trade and Development Bank Group
- Bosman Ring – Nedbank
- Karim Awad – EFG Holding
- Miriam Olusanya – Guaranty Trust Bank
- Patricia Ojangole – Uganda Development Bank
- Serge Ekue – West African Development Bank
- Sidi Old Tah – Arab Bank for Economic Development in Africa
Trade Finance Trophy
- Access Bank Nigeria
- Attijariwafa Bank (AWB) Group
- Bank of Africa (BOA/BMCE)Group
- Diamond Trust Bank Kenya
- First Bank Nigeria (FBN)
Deal of the year – Debt
- Absa Bank Ltd – Two tranches valued respectively at 212 billion TZS and 73 million US$ – Absa – NMB Bank
- African development bank – $117 million Globeleq Menengai Geothermal Power Project in Kenya
- Africa Finance Corporation – $1.82 billion KaMa Project
- African Frontier Capital – $500 million Brighter Life Securitization
- Hogan Lovells – $16 billion for Ghana’s debt restructuring
- MUFG Bank – €774 million Strada Project – Loan supported by UKEF to help FERA and the Republic of Senegal in its national road program
- Standard Bank – $775 million for syndicated financing of the Foschini group
Deal of the year – Equity
- Absa Bank – $500 million for the IPO of Airtel Uganda
- West African Development Bank – $100 million in Hybrid Bonds
- Pangaea Securities – Acquisition of Copperbelt Energy Corporation by Affirma Capital Limited for $145 million
- Rothschild – $1.1 billion investment in Mopani Copper Mines plc by International Resources Holding RSC
- Standard Bank – $200 million: Acquisition by Meridiam of a majority stake in Kipeto
Deal of the Year – Infrastructure
- African Export-Import Bank – 203 millions de dollars Great Horn Investments Holding “GHIH”
- African Export-Import Bank/Standard Chartered – $1.762 billion (including $363 million for the commercial tranche) Tanzania Railways, Government of Tanzania
- African Trade Insurance Agency – 350 million euros Benin IROKO Project
- Banque Misr – $352.4 million Fiber Misr for telecommunications and information technology (Benya Technologies)
- Hogan Lovells – $15 billion Simandou Mining and Infrastructure Project
- InfraCredit – $38 million Guarantee from InfraCrédit for the issuance of fixed rate bonds for the infrastructure of the Lagos Free Zone
- Stanbic IBTC Capital Limited – $461 million in Sukuk issuance for the construction and rehabilitation of essential road infrastructure
Deal of the year in agriculture
- Absa Bank – Volcafe Limited – $80 million East Africa Borrowing Base Facility
- Co-operative Bank of Kenya – Co-op Bank & Kenya Coffee Direct Settlement System
- National Bank of Egypt – $400 million Evergrow for specialized fertilizers
- Standard Chartered – 692 millions de dollars Ghana Cocoa Board Pre-export Receivables Backed Trade Finance Facility
IFD of the year
- African Export-Import Bank
- West African Development Bank
- East African Development Bank
- Kenya Development Corporation
- Trade and Development Bank Group
Fintech of the year
- EFG Hermes Holding Val
- Flutterwave
- Inclusivity Solutions
- TOGETHER
- ProfitShare Partners
- Yabx Technologies
Bank of the Year for SMEs
- Co-operative Bank of Kenya
- East African Development Bank
- Ecobank
- National Bank of Commerce
- Uganda Development Bank Limited
Sustainable Bank of the Year
- Absa Bank
- East African Development Bank
- Ecobank
- Nedbank CIB
- Standard Bank Group
- Trade and Development Bank Group
Platinum Sponsor of the Trophies: African Guarantee Fund
Sponsors Or: Afreximbank and Vista Bank
Cocktail sponsor: African Trade & Investment Development Insurance
Distributed by African Media Agency (AMA) pour IC Publications.
For further details regarding the Awards, please contact [email protected].
To guarantee your attendance at the ceremony taking place at the Marriot in Nairobi, Kenya on May 28, please register here.
Source : African Media Agency (AMA)
2024-05-07 15:14:58
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