The African Banker Awards 2024 : a barometer of the African Banking sector’s vitality

The 18th edition of the African Banker Awards highlights progress in infrastructure, sustainability, and gender equality in the African banking sector. With 59 institutions and individuals in the running, the awards ceremony, scheduled for May 28th in Nairobi, promises to be the highlight of the African banking calendar.

By the editorial staff

African Banker magazine has announced the list of nominees for the 2024 edition of the African Banker Awards. They were selected from a record number of entries from across the African continent. For the first time in the history of the Awards, three of the nominees for the prestigious « Banker of the Year » title are women, reflecting the growth of female leaders in the financial sector.

« Financing gaps in infrastructure, trade, and climate finance mean that the banking sector as a whole will need to be even better capitalized, » said Omar Ben Yedder, Chairman of the Awards Committee. « Over the years, we have seen the evolving role of DFIs, » he added. « They are playing an important role in structuring transactions and catalyzing development, often filling gaps in underserved or underrepresented areas. However, looking back at the 18 years of the Awards, it is clear that the size of our domestic banks and the transactions they are capable of structuring have significantly increased. »

Since its inception in 2007, the African Banker Awards have recognized outstanding individuals and organizations driving Africa’s rapidly transforming financial services sector.

Emerging trends and driving forces in the African financial sector

The African Banker Awards 2024, as a barometer of the vitality of the African banking sector, offer valuable insights into the health and dynamics of this evolving industry. By examining the performance of banks and individuals across a range of categories, these awards highlight emerging trends and driving forces in the financial sector on the continent.

This year, the Awards reflect an industry in constant flux, with particular emphasis on key areas such as infrastructure, sustainability, and gender equality. The nominations testify to the growing commitment of financial institutions to meet the changing needs of African communities while promoting economic growth and sustainable development.

By scrutinizing potential winners in the various categories, we can observe the emergence of new trends and best practices in the sector. From commercial finance to investment in infrastructure and financial technology, the candidates demonstrate a diversity of approaches and innovations that drive Africa’s economic prosperity.

Moreover, the inclusion of a record number of women nominated for the « Banker of the Year » title reflects a positive shift towards greater gender diversity and equality within the financial sector. This underscores the growing recognition of the crucial role women play in decision-making and leadership within African banking institutions.

Overall, the African Banker Awards 2024 provide an essential overview of the health and vitality of the African banking sector. By highlighting the successes and challenges of the sector, these awards inspire the industry to continue its commitment to innovation, sustainability, and financial inclusion, while contributing to the ongoing economic and social development of the continent.

The award winners will be announced during a gala dinner on May 28th in Nairobi, Kenya, as an integral part of the official program of the African Development Bank Group’s Annual Meetings.

The African Banker Awards are organized by IC Events under the patronage of the African Development Bank.

The nominees for the African Banker Awards 2024 are as follows:

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
  • Anel Bosman – Nedbank
  • Karim Awad – EFG Holding
  • Miriam Olusanya – Guaranty Trust Bank
  • Patricia Ojangole – Uganda Development Bank
  • Serge Ekue – Banque Ouest-Africaine de Développement
  • Sidi Ould Tah – Arab Bank for Economic Development in Africa

Trade Finance Award

  • Access Bank NigeriaAttijariwafa 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 – 2 tranches valued at TZS 212bn and USD 73mn respectively – Absa – NMB Bank
  • African Development Bank – $117 million The Globeleq Menengai Geothermal Power Project in Kenya
  • Africa Finance Corporation – $1.82bn Project KaMa
  • African Frontier Capital – $500m Brighter Life Securitization
  • Hogan Lovells – $16bn Ghana Debt Restructuring
  • MUFG Bank – €774m Project Strada – UKEF backed loan to support FERA and the Republic of Senegal in its nation-wide road programme
  • Standard Bank – $775m Foschini Group Syndicated Funding Package

Deal of the Year – Equity

  • Absa Bank – $500m Airtel Uganda IPO
  • Banque Ouest Africaine de Développement – $100m BOAD Hybrid Bond
  • Pangaea Securities – $145m Affirma Capital Limited’s acquisition of Copperbelt Energy Corporation
  • Rothschild – $1.1bn investment into Mopani Copper Mines plc by International Resources Holding RSC
  • Standard Bank – $200 million Meridiam’s acquisition of controlling stake in Kipeto

Infrastructure Deal of the Year

  • African Export-Import Bank – $203m Great Horn Investments Holding “GHIH”
  • African Export-Import Bank – $1.762bn Tanzania Railways, Government of Tanzania
  • African Trade Insurance Agency – €350m Benin Project IROKO
  • Banque Misr – $352.4m Fiber Misr for Telecommunications & Information Technology (Benya Technologies)
  • Hogan Lovells – $15bn Simandou mining and infrastructure project
  • InfraCredit – $38m InfraCredit’s Guarantee of Lagos Free Zone Issuance Fixed Rate Infrastructure Bonds
  • Stanbic IBTC Capital Limited – $461m Sukuk Issuance for construction and rehabilitation of critical road infrastructure

Agriculture Deal of the Year

  • Absa Bank – Volcafe Limited $80m East Africa Borrowing Base Facility
  • Co-operative Bank of Kenya – Co-op Bank & Kenya Coffee Direct Settlement System
  • National Bank of Egypt – $400m Evergrow For Specialized Fertilizers
  • Standard Chartered – $692m Ghana Cocoa Board Pre-export Receivables Backed Trade Finance Facility

DFI of the Year

  • African Export-Import Bank
  • Banque Ouest Africaine de Développement
  • East African Development Bank
  • Kenya Development Corporation
  • Trade and Development Bank Group

Fintech of the Year

  • EFG Hermes Holding Val
  • Flutterwave
  • Inclusivity Solutions
  • JUMO
  • ProfitShare Partners
  • Yabx Technologies

SME Bank of the Year

  • 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

For more information : African Banker Awards.

Articles similaires

Laisser un commentaire

Bouton retour en haut de la page