GCB Financial institution PLC was named one of the best regional financial institution in West Africa on the twentieth African Bankers Awards, held on the Kempinski Lodge in Brazzaville, Republic of the Congo, on Wednesday night on the sidelines of the African Growth Financial institution (AfDB) Annual Common Assembly.
The popularity makes Ghana’s largest regionally owned financial institution some of the acknowledged monetary establishments on the African continent, with 18 winners introduced throughout classes corresponding to innovation, infrastructure financing, gender inclusion and private excellence within the African banking business.
The ceremony was attended by senior leaders from the continent, together with Prime Minister of Congo and Dr Sidi Ould Tarr, President of the AfDB, on behalf of President Denis Sassou N’Guesso, and mirrored the awards’ standing because the premier annual recognition occasion for the African banking business.
The night’s high award, Financial institution of the Yr, went to Pan-African lender Ecobank, which organizers described as an illustration of the financial institution’s full return to progress, profitability and shareholder dividends after a number of years of restructuring. The award was offered by Felix Bikpo, former Lifetime Achievement recipient and Chairman of the African Assure Fund.
Serge Ekue, Governor of the Financial institution of West African Growth (BOAD), has been named African Banker of the Yr. Zambia’s Finance Minister Situmbeko Msokotwane was awarded Finance Minister of the Yr for his nation’s financial restoration, whereas Andre Wameso, Governor of the Central Financial institution of the Democratic Republic of the Congo, was counseled for making a supportive atmosphere for the nation’s first Eurobond situation.
Infrastructure offers dominated the awards night time. South Africa’s Pink Rocket Holdco’s renewable vitality deal received the Deal of the Yr award within the Infrastructure class, NBET Finance Firm’s ₦501.02 billion bond situation to resolve Nigeria’s energy sector debt disaster received the Debt award, and Come up IIP’s fairness elevate received the Fairness class.
Omar Ben Yedder, Chairman of the Awards Committee, laid out the ambitions of the continent’s banking business in direct phrases. “With out robust banks, nothing essential occurs on this continent,” he stated, calling on monetary establishments to work with enterprise leaders to boldly discover new sectors and markets.
The African Affirmative Monetary Motion for Ladies (AFAWA) Financial institution of the Yr Award went to Low Financial institution within the Democratic Republic of the Congo for selling financing to women-led companies. Afreximbank received the Growth Finance Establishment of the Yr award, and BGFI Financial institution Group Chairman Henri-Claude Oymah obtained the Lifetime Achievement Award.
The African Banker Awards, now in its twentieth 12 months, is sponsored by the AfDB and arranged by African Banker Journal in partnership with IC Occasions.
