Co-op Bank Celebrated as East Africa’s Regional Bank Of The Year
The 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The…
The 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The event was held under the High Patronage of the African Development Bank, being part of the program of the Bank’s Annual Meetings.
Over 300 banking and financial services professionals joined the Gala Ceremony to discover the winners of the African Banker Awards 2022.
Two women won two of the most prestigious awards: the African Banker Icon and Finance Minister of the Year.
Ms. Vera Songwe, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa, was awarded the African Banker Icon Award for her tireless work in providing governments with the fiscal ammunition to deal with the impact of COVID-19.
“It really was a moment to demonstrate that Africa is resilient. I came to the table with an understanding of the menu of solutions because in 2008 I was on the other side [of the table] when SDRs were handed out to European economies [to stave off a financial crisis] … What we are focusing on at the ECA is prosperity. The ingredients are there for success; there is latent innovation; what we need to do is provide the infrastructure; the soft infrastructure, the hard infrastructure, and the human capital to deliver the end game which is jobs, prosperity, and a better life for all.” Ms. Songwe said in her acceptance speech.
Angola’s Finance Minister, Hon Vera Esperança dos Santos Daves de Sousa, was recognized as the Finance Minister of the Year for her stand-out work in restoring stability and market confidence to her country.
Another notable recognition was for Michael Atingi-Ego, the Deputy Central Bank Governor, Uganda, who won Central Bank Governor of the Year. His predecessor, Emmanuel Tumusiime Mutebile, Ugandan economist and Governor of the Central Bank of Uganda, passed away, leaving a void that will not be easily filled. However, the Central Bank of Uganda one of the star performers this year has managed to stave off inflation and achieve currency stability in an extremely challenging environment.
In his speech, Omar Ben Yedder, Chair of the African Banker Awards Organising Committee and Publisher of African Banker magazine, said that it is time we focused our efforts on strengthening our domestic capabilities to finance growth. “We need strong institutions and we need to start with our commercial and development banks. If we have learned anything from the past two years, and even more so these last two months, it is that we need to achieve financial sovereignty if we are to own our growth agenda.”
Other winners include legendary Nigerian banker Atedo Peterside, founder of IBTC Bank, which he merged with Stanbic 15 years ago, who won the Lifetime Achievement Award for his contribution to banking. The success of IBTC, he said, was built on everyone buying into the mission of the bank and shared values and culture.
The Regional Bank of the Year Award for East Africa was given to the Co-Operative Bank of Kenya for overall excellence in banking in the region.
This year the Awards were sponsored by the African Guarantee Fund, Bank of Industry (Nigeria) and the Trade Development Bank as well as Access Bank. The Award Patron is the African Development Bank, whose annual meetings conclude tomorrow and which celebrates this year 50 years of the African Development Fund, which is undergoing a new replenishment round.
Energy Deal of the Year
Temane Thermal Power Station
Absa Mozambique and International Finance Corporation
Agriculture Deal of the Year
The US $200 Million corporate facilities (the “Facility”) to BUA Industries Limited (“BIL”)
Africa Finance Corporation
Infrastructure Deal of the Year
The Luanda Bita Water Supply Project
African Trade Insurance Agency
Deal of the Year – Debt
BANK OF INDUSTRY €750 Million Debut Senior Note Participation Notes due 2027
Bank of Industry
Deal of the Year – Equity
Prosus’ c. US$15 Billion Accelerated Equity Offering in Tencent
Sustainable Bank of the Year
Trade and Development Bank
FinTech of the Year
Award for Financial Inclusion
SME Bank of the Year
DFI of the Year
Trade and Development Bank
African Bank of the Year
The Standard Bank Group
African Banker of the Year
Yaw Kuffour Award for Trade Finance
Central Bank Governor of the Year
Deputy Central Bank Governor, Uganda
Minister of Finance of the Year
Hon. Vera Esperança dos Santos Daves de Sousa, Angola
African Banker Icon
Dr. Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa
Atedo Peterside CON, Founder of IBTC Bank
Best Regional Bank – North Africa
National Bank of Egypt
Best Regional Bank – Southern Africa
Mauritius Commercial Bank
Best Regional Bank – West Africa
Fidelity Bank, Ghana
Best Regional Bank – East Africa
Co-Operative Bank of Kenya
Best regional Bank – Central Africa
Raw Bank, DRC