African Banker magazine has released the shortlist for nominees for the 2023 edition of its African Banker Award, which recognises exceptional individuals and organisations that are driving Africa’s rapidly transforming financial services sector.
KAMPALA, UGANDA | NOW THEN DIGITAL — The African Banker Awards has released its shortlist of nominees for the 2023 edition of the prestigious award ceremony. The awards ceremony will be held on May 24, 2023, in Sharm El Sheikh, Egypt, as part of the African Development Bank Annual Meetings.
This year’s African Banker Awards gala, organised by African Banker and IC Events, will feature ten categories, including African Bank of the Year, Investment Bank of the Year, SME Bank of the Year, and Central Bank Governor of the Year.
The awards aim to recognize exceptional individuals and organizations that drive Africa’s rapidly transforming financial services sector.
Spotlight on SMEs and Women
The 2023 edition of the African Banker Awards aims to spotlight SMEs, women, and gender. This year, a new category has been introduced to recognize efforts towards bolstering financial inclusion for women across the continent.
Gender Equity in the Industry
The theme of gender equity will be emphasized during the Awards ceremony, as evidenced by the substantial number of female candidates vying for the coveted title of Banker of the Year.
Additionally, a new accolade has been instituted in partnership with the African Guarantee Fund to acknowledge and encourage initiatives aimed at promoting financial inclusivity for women across Africa, the AFAWA Bank of the Year award.
Record Number of Entries
The nominees for the African Banker Awards 2023 were selected from a record number of entries representing the entirety of the African continent, spanning over ten categories, and shortlisted by the Awards committee.
Sponsorship
The ceremony will be sponsored at platinum level by the African Guarantee Fund (AGF) and at associate level by the Trade and Development Bank (TDB) and Tunisia’s Caisse des Dépôts et Consignations, which is managing a vital project to support start-ups and SMEs.
Nominees
The following nominees have been shortlisted for the African Banker Awards 2023:
Banker of the Year:
- Mr Admassu Tadesse – Trade and Development Bank
- Prof Benedict Oramah – Afreximbank
- Ms Esther Kariuki – Co-operative Bank of Kenya
- Mr Moezz Mir – SBM Bank, Kenya
- Ms Mukwandi Chibesakunda – Zanaco, Zambia
- Mr Othman Benjelloun – Bank of Africa
- Ms Yemi Edun – First City Monument Bank
Bank of the Year:
- Afreximbank
- Bank of Africa
- Co-operative Bank of Kenya
- CRDB Bank – Tanzania
- The Mauritius Commercial Bank
- Trade and Development Bank
- Trust Merchant Bank, Democratic Republic of the Congo
Sustainable Bank of the Year:
- Absa, South Africa
- Commercial International Bank, Egypt
- Nedbank, South Africa
- Rand Merchant Bank, South Africa
- Trade and Development Bank
DFI of the Year:
- Afreximbank
- Africa Finance Corporation
- Arab Bank for Economic Development in Africa: BADEA
- Lesotho National Development Corporation
- Trade and Development Bank
Fintech of the Year:
- Ensibuuko Technologies, Uganda
- Flutterwave, Nigeria
- JUMO World, South Africa
- Lulalend, South Africa
- MFS Africa, South Africa
SME Bank of the Year:
- Absa, South Africa
- Caisse de compensation et de consignation, Tunisia
- CRDB Bank, Tanzania
- Ecobank, Senegal
- KCB Bank, Kenya
Deal of the Year – Debt:
- EUR174m (US$190m) investment in the 44MW Singrobo-Ahouaty Project – Africa Finance Corporation
- R1.143bn (US$66.13m) gender-linked bond (“GLB”) issuance across 3-year and 5-year tranches for Barloworld Limited– Rand Merchant Bank
- US$564m equivalent private placement green bond issuance for GrowthPoint – Absa
- Harmony Gold Company syndicated multi-tranche, multi-currency, loan facility of US$400 million and R4 billion– Absa & Nedbank
- Dual currency USD 292.4 Million, and EGP 1.9 billion Syndicated Long Term Facility (US$400m) to the Egyptian Chemical Industries Company (KIMA) – National Bank of Egypt
Deal of the Year – Equity:
- Advisory on the US$2.5bn initial public offering (IPO) of ADNOC Gas – EFG Hermes
- US$47m investment in Africa Go Green – International Finance Corporation (IFC)
- US$298m Infinity Energy equity investment and Lekela Power acquisition – Africa Finance Corporation
- R892m (US$55m) acquisition of Windlab Africa’s wind and solar assets I partnership with Seriti Resources – Rand Merchant Bank
- R8.9bn (US$550m) evergreen B-BBEE transaction for Shoprite– Rand Merchant Bank
Agriculture deal of the Year:
- Launch of a first-of-its-kind AgriHarvest Platform – Rand Merchant Bank
- US$100m working capital trade finance facility to Export Trading Group (ETG) – Trade and Development Bank
- 8bn EGP (US$266m) Syndicated Long-Term Loan Facility for Evergrow – Banque Misr
- Syndicated Long Term Facility US$161m General Authority for Rehabilitation Projects & Agricultural Development (GARPAD) – National Bank of Egypt
- US$78m funding facility for the Southern Oil Structured Commodity Finance Transaction – Absa
Infrastructure deal of the Year:
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- US$650m equivalent syndicated loan facility to EDF Renewable – Absa
- US$21.7m Corporate Sukuk issuance for Family Homes Fund – Greenwich Merchant Bank
- US$1bn 7-year Amortizing Term Loan in favour of a Special Purpose Vehicle (“SPV”) for NNPC Limited Project Yield – Afreximbank
- US$900m debt funding facility for Scatec Solar PV plus Battery Storage Project – Standard Bank
- US$310m debt package for the Sports and Roads Infrastructure Kigali – Trade and Development Bank
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