Winners of the 2017 African Banker Awards were announced at a prestigious Gala Dinner of the 52nd Annual Meetings of the African Development Bank (AfDB).
The Awards, held annually to celebrate excellence in banking and finance on the African continent.
No one country dominated the awards this year. The President of Afreximbank, Benedict Oramah, won the Banker of the Year award. His bank has grown considerably in the past year, whilst other metrics, such as income to cost ratio were very competitive.
Nigerian bank, GT Bank beat off competition from five shortlisted nominees to win the coveted ‘African Bank of the Year Award’. GT Bank posted 37% in profits in 2016, despite difficult trading conditions in its main market Nigeria.
Waheed A. Olagunju, acting CEO and Managing Director of Bank of Industry, was honoured with this year’s African Banker Icon award, which recognizes a banking career that spans over two decades.
Senegal’s Amadou Ba won the Finance Minister of the year award. He has managed to successfully steer the Senegalese economy which is today one of the best performing ones in Africa. Only last week, Senegal issued a Eurobond that was seven times oversubscribed.
The ‘African Central Bank Governor of the Year’ accolade was awarded to Mauritius’ Rameswurlall Basant Roi. Mauritius today is one of Africa’s leading financial capitals and this is largely the work of the Governor. Its financial services sector is one of the strongest in Africa and it has thriving capital markets.
Other award winners are:
Best Retail Bank: Equity Bank (Kenya)
Investment Bank of the Year: Rand Merchant Bank (South Africa)
Award for Financial Inclusion: Caisse Centrale de Garantie (Morocco)
CSR: Groupe Crédit Agricole (Morocco)
African Banker Icon: Waheed A. Olagunju, Bank of Industry
Lifetime Achievement Award: Citi
Best Regional Bank in North Africa: Attijariwafa Bank
Best Regional Bank in West Africa: Orabank
Best Regional Bank in Central Africa: Trust Merchant Bank
Best Regional Bank in East Africa: KCB Bank
Best Regional Bank in Southern Africa: Mauritius Commercial Bank