The 2019 edition of the African Banker Awards held in Malabo, Equatorial Guinea, recognised their contributions to banking excellence. The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank have established themselves as ‘the Oscars of African banking’. The two big awards of the night went to development finance institutions.
Afreximbank won Bank of the Year and the Trade and Development Bank’s (TDB) President, Ethiopian Admassu Tadesse, won African Banker of the Year. TDB has grown its portfolio five-fold since Tadesse took over as President, largely increasing its presence in East and Southern Africa, where it operates. Afreximbank in the past 18 months has launched a number of game-changing products. This year’s lifetime achievement went to former First Rand Group CEO, South African Sizwe Nxasana. In other categories, Ecobank won Retail Bank of the year; Kenya’s KCB won the prize for innovation and Equity Bank for its CSR activities. Nigeria’s Bank of Industry won the prize for Financial Inclusion. No one region dominated this year’s awards although there was a call from the organisers for greater effort to ensure banking was more inclusive, both in terms of gender representation across senior management in banks and in lending to small and medium sized enterprises.
SOURCES: AFRICAN BUSINESS MAGAZINE