Nominees for 2017 African Banker of the Year Awards Unveiled

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The African Banker Magazine which honours the most impressive players in the continent’s financial services sector has announced the nominees for the 2017 African Banker Awards.

Banks, bank leaders and financial deals from Kenya, Morocco, Nigeria and South Africa dominate the nominees list that has a high number of competitive entries in financial inclusion, innovation and social responsibility, signalling the sector’s resilience in the challenges facing the continent according to Omar Ben Yedder, Group Publisher and Managing Director, IC Publications Group which publishes the African Banker Magazine.

“Given the difficult trading conditions across many African countries, we expected a slowdown across the banking sector in Africa. We were pleasantly surprised to see that the financial services sector has managed to maintain on the whole, positive developments,” Yedder added.

The winners will be selected by a judging panel of bankers and business leaders with renowned expertise on the African banking and finance industry.

Three Kenyan bank chiefs have been nominated under the African Banker of the Year category: Barclays Bank of Kenya Managing Director Jeremy Awori, Equity Bank Group Managing Director and CEO James Mwangi and Joshua Oigara CEO of KCB Group.

The category was won by Segun Agbaje, CEO Guaranty Trust Bank, who is also nominated this year, won the award in 2016.

The Central Bank of Kenya Governor Patrick Njoroge was named Central Bank Governor of the Year 2016, one of the five individual recognitions which are chosen following consultations with multilateral agencies, the African Banker Magazine editorial board and other experts. Others are: Best Regional Bank in Africa; Finance Minister of the Year; Lifetime Achievement Award; and African Banker Icon.

The Awards ceremony will be held during the Annual Meetings of the African Development Bank (AfDB) on 23 May 2017 in Ahmedabad, India.

The Indian government, a shareholder in AfDB,  offered to host the 017 meetings to boost economic ties between India and the African continent.

The nominees for the 2017 African Banker Awards are:

African Bank of the Year:

African Export-Import Bank

Attijariwafa Bank, (Morocco)

Guaranty Trust Bank (Nigeria)

Mauritius Commercial Bank (Mauritius)

Standard Bank Group (South Africa)

African Banker of the Year:

Segun Agbaje, MD, GTB (Nigeria)

Jeremy Awori, MD, Barclays Bank (Kenya)

Dr Charles Kimei, MD, CRDB Bank (Tanzania)

James Mwangi, Group MD and CEO, Equity Bank (Kenya)

Joshua Nyamweya Olgara, Group CEO, KCB (Kenya)

Dr Benedict Okey Oramah, President, Afrexim Bank

Best Retail Bank in Africa:


Equity Bank (Kenya)

KCB (Kenya)

SBM Bank (Mauritius)

UBA (Ghana)

Investment Bank of the Year:

FBN Capital (Nigeria)

Fieldstone (South Africa)

Rand Merchant Bank (South Africa)

Standard Bank Group (South Africa)

Vetiva (Nigeria)

Award for Financial Inclusion:

African Local Currency Bond Fund

Amhara Credit and Savings Institution (Ethiopia)

Business Development Fund (Rwanda)

Caisse Centrale de Garantie (Morocco)

Verdant Capital (South Africa)

Socially Responsible Bank of the Year:

East African Development Bank

EFG Hermes (Egypt)

Guaranty Trust Bank (Nigeria)

KCB Foundation (Kenya)

Groupe Credit Agricole du Maroc (Morocco)

Award for Innovation in Banking:

African Development Bank


First Bank (Nigeria)

Millenium Bim (Mozambique)

Wari (Senegal)

Deal of the Year- Debt:  

Brait, $675m Acquisition Facility (RMB)

Helios Towers, $600m debut High Yield Offering (Standard Bank)

Kenya Power & Lighting Company dual tranche syndicated loan (Standard Chartered)

Neconde Energy Medium Term Facility (FBN Capital)

Standard Bank/Commercial Bank $25m Cross Currency Swap (Frontclear)

Deal of the Year- Equity: 

CDC $65m Equity Investment in Zambeef

Ethos Capital IPO (RMB)

Neotel Sale to Liquid Telecom (RMB)

OGP sale to Helios (Argentil)

SGI Africa fund Raising (Lazard)

Infrastructure Deal of the Year:

AFC and Harith Asset Merger (Africa Finance Corporation)

Amandi Energy IPP, Ghana (Fieldstone)

Kathu 100MW Solar Park, South Africa (RMB)

Senergy Solar Plant, Senegal (Hogan Lovells)

Zambia Electricity Supply Corp. Power projects (Standard Chartered)


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