This year’s event, hosted by the London-based IC Publications, publishers of African Banker magazine, was held on the eve of World Bank’s critical global discussions on the state of the world’s financial systems. “For once we can say the world can learn from Africa,” said Chukwuma Saludo, the Governor of the Nigerian Central Bank. Thanks to root and branch reforms and tight regulatory regimes, Africa’s banking sector has grown by over 28% over the past year and continues to grow despite the global financial crisis.
Over 350 people, including Africa’s finance ministers, governors of central banks, financial market regulators, global media personalities, industry leaders and top bankers attended the glittering ceremony.
17 awards were presented at the grand ceremony, which was endorsed by the World Bank, supported by the Corporate Council on Africa and African Development Bank. Sponsors included the Renaissance Group, 3i Infotech, Ecobank, Virgin Nigeria Airways and the Bank of Industry, Nigeria.
Afif Ben Yedder, Group Chairman of IC Publications told the audience: “There are great investment opportunities in many sectors in Africa today as the growth of the continent’s economy is the fastest in the world”.
Otunba Dr Michael Balogun, winner of the Lifetime Achievement Award recounted that when he wanted to set up his own merchant bank in Nigeria, he was not allowed to do so unless he had a technical partner from the West; “It is quite staggering to think how far we have come from those dark days,” he said.
Associate publisher Omar Ben Yedder remarked: “Today it is the Banks which are realising the Pan African vision of regional integration. The Africa of today is building world class institutions managed by great African business leaders.”
Christian Udechukwu, Managing Director, BusinessinAfrica Events announced that the 3rd African Banker Awards will be held in Istanbul, Turkey to coincide with the IMF/World Bank Annual meeting next year.
African Bankers Awards Winners 2008
Best Microfinance Bank in Africa
Equity Bank, Kenya
Best Deal of the Year:
Standard Bank, South Africa
Best Issuing House in Africa
Stanbic IBTC, South Africa
Best Mortgage Bank in Africa
Banque de l’Habitat, Tunisia
Best Gender Sensitive Bank in Africa:
Nedbank, South Africa
Best Banking Regulator in Africa:
Clive Pillay, South Africa Ombudsman
Otunba Dr Michael Balogun, First City Merchant Bank (FCMB) Nigeria
Best Development Bank in Africa:
Development Bank of Southern Africa
Best Investment Fund in Africa:
ECP Africa Fund
Most Innovative Bank in Africa:
Best Investment Bank in Africa:
Best Corporate Social Responsibility in Africa:
Best Global Bank:
Zenith Bank, Nigeria
Central Bank Governor of the Year:
Paul Acquah, Ghana
Finance Minister of the Year:
Goodall Gondwei, Finance Minister, Malawi
African Banker of the Year:
Dr Tony Elumelu, United Bank for Africa (UBA) Plc, Nigeria
African Bank of the Year:
Intercontinental Bank Plc, Nigeria
For more commentary further information and for access to photos, please contact the following.
Email: firstname.lastname@example.org or
Visit our website www.africasia.com
Tel: +44 20 7841 3210; Fax: +44 20 7841 3211