The African banking microcosm will crown its kings. While the banking sector is in full mutation on the continent, with a vast consolidation movement and a frantic race for innovation driven by the emergence of new disruptive players who are shaking up pre-established models, the African Banker magazine has revealed the contenders for the various trophies for the year 2022.
By WK
A prestigious annual event in the African banking and financial world, the African Banker Awards is part of the official program of the African Development Bank (AfDB) Annual Meetings, scheduled for May 23-27 in Accra, Ghana, with the theme « Achieving Climate Resilience and a Just Energy Transition for Africa. »
Organized by African Banker magazine and IC Events in cooperation with BusinessinAfrica Events, the African Banker Awards celebrate excellence and best practices in Africa’s banking sector and honor the great successes of African bankers who are creating new economic opportunities for citizens across the continent and inspiring new generations to shape Africa’s future.
« We have the prodigious digital acceleration and FinTechs have become indispensable in the banking sphere »
In addition to the leaders and banks driving the rapid transformation of African finance, the African Banker Awards Committee has added two new categories in 2022: FinTech of the Year and Development Finance Institution (DFI) of the Year. These categories recognize the significant role of Development Finance Institutions as key players in post-pandemic recovery and digital transformation in banking. « We have the prodigious digital acceleration and FinTechs have become indispensable in the banking sphere, » says Omar Ben Yedder, publisher of African Banker magazine and chairman of the Awards Committee.
A total of 64 nominees were selected from among Africa’s most successful banks, financial institutions and technology providers. « We received a record number of nominations for this year’s awards. My favorite categories are Deal of the Year. They show that there are concrete actions to tackle the continent’s most pressing development issues, including energy and infrastructure, » said Omar Ben Yedder, who will deliver a speech at the awards ceremony on the theme of banking sovereignty and greater autonomy to better support institutional growth and development on the continent.
Here is the complete list of nominees by category which includes, not surprisingly, the gotha of the banking world on the continent:
African Banker of the Year Award
- Ade Ayeyemi – Ecobank Transnational Incorporated
- Adesola Adeduntan – First Bank Nigeria
- Mukwandi Chibesakunda – Zambia National Commercial Bank
- Benedict Oramah – Afreximbank
- Admassu Tadesse – Trade and Development Bank
- Herbert Wigwe – Access Bank
-Vivienne Yeda – East African Development Bank
African Bank of the Year Award
- Access Bank
- Attijariwafa Bank
- Bank of Africa
- Bank of Industry
- Ecobank
- Guaranty Trust Bank
- Standard Bank Group
SME Bank of the Year Award
- ABSA, Ghana
- Commercial International Bank, Egypt
- Ecobank, Togo
- Fidelity Bank, Ghana
- The Standard Bank Group
DFI of the Year Award
- AECF
- Afreximbank
- BADEA
- International Finance Corporation (IFC)
- Bank of Commerce and Development
Financial Inclusion Award
- British Arab Commercial Bank (BACB), UK
- Commercial International Bank, Egypt
- Centenary Rural Development Bank, Uganda
- Bank of Commerce and Development, Kenya
- Tugende Global, Uganda
Sustainable Bank of the Year Award
- Commercial International Bank, Egypt
- Nedbank, South Africa
- Rand Merchant Bank, South Africa
- Standard Chartered, South Africa
- Bank of Commerce and Development, Kenya
FinTech Trophy of the Year
- Capricorn Digital Limited
- Crowdyvest
- Interswitch
- JUMO
- OPay
Deal of the Year Award – Agriculture
- Atlantic Shrimpers Limited (ASL) Expansion – Access Bank
- 200 million corporate facility for BUA Industries Limited – AFC
- Multi-Currency Facility Agreement for Canal Sugar Company – Afreximbank / National Bank of Egypt
- Ghana Cocoa Board – Nedbank
Deal of the Year Award – Debt
- Bidvest: $800 million 5NC2 senior unsecured notes – Bank of America
- Bank of Industry: EUR 750 million senior participating bonds due 2027 – Bank of Industry
- Bank One currency swap – Bank One Limited
- SDG Benin €500m bond – Citi
- 634.5 million Access Bank syndicated facility – Mashreq Bank UAE
Deal of the Year Award – Equity
- Mutandis – Attijariwafa Bank
- Momentum Metropolitan – Bank of America
- Prosus’ accelerated share offering in Tencent for about $15 billion – Citi
- Sasol to sell 30% stake in Republic of Mozambique Pipeline Investments Company (ROMPCO) – Nedbank
- MTN Nigeria IPO – Renaissance Capital
Deal of the Year Award – Energy
- Temane Thermal Power Plant – Absa Mozambique and IFC
- Geometric Power IPP project in Abia State – Afreximbank
- Aftissat Wind Farm – Attijariwafa Bank
- Kinguele Downstream Hydroelectric Power Project – IFC
- El Sewedy Group Syndicated Facility – National Bank of Egypt
Deal of the Year Award – Infrastructure
- Luanda Bita Water Supply Project – African Commercial Insurance Agency
- Tangier Alliance – Attijariwafa Bank
- Lagos Free Zone Company Funding SPV – Infrastructure Credit Guarantee Company
- Gharably Integrated Engineering Company (GIECO) Term Loan – National Bank of Egypt
- Kenya Roads Annuity Programme, Lots 15 and 18 – Standard Chartered
For more information on the African Banker 2022 Awards: https://www.africanbankerawards.com.
