Innovation And Resilience Common Themes Amongst Winners Of African Banker Awards 2021

By Emmanuel Oluebube, Correspondent UK

Winners of the 2021 edition of the African Banker Awards were announced Thursday at a virtual awards ceremony. The Awards, since 2013, are held during the Annual meetings of the African Development Bank, the event’s High patron, which are taking place also virtually between 23rd and 25th June.

The Awards have become the most respected and recognised industry event celebrating African banking achievements. The organisers this year put an emphasis to recognise and reward institutions that contributed to the real economy which has suffered from the impact of C-19 OVIDas well as contributed to women empowerment on the continent.

Group CEO, Access bank, Herbert Wigwe won for the second consecutive year African Banker of the Year. Access Bank is now present in South Africa following its acquisition of Grobank. As a result of its rapid growth the last decade, Access Bank has become one of the largest retail banks in Africa with over 40 million customers.

Morocco’s Minister of Economy and Finance, Mohammed Benchaâboun, won Finance Minister of the Year. He was recognised for the exceptional work of his ministry which coordinated an exemplary response to the economic impact from the crisis, helping to protect both lives and livelihoods. The fiscal stimulus provided has cushioned the impact of the pandemic. The ministry managed to crowd in both public and private sector resources that were used to support the most needy.

Governor of the Reserve Bank of South Africa, Lesetja Kganyago was awarded the Central Bank Governor of the year. Under his leadership, the Reserve Bank has managed to act decisively but also, the Committee noted, in a measured way, managing both upside and downside risk.

Felix Bikpo earned the Life Achievement Award for his long and distinguished career. When asked for his outlook on the future of the continent, he remained upbeat saying technological developments and also the human capabilities that we have developed in Africa are cause for optimism.

Chief economist at international investment bank Renaissance Capital Charlie Robertson won the African Banker icon category. In his remarks he noted that it was important to drive up savings rates to help spur greater investments on the continent, if Africa is to replicate the Asian miracle.

Group Publisher of African Banker Omar Ben Yedder said: “I was really impressed by the entries this year. It showed that the banking sector is healthy and resilient which will be critical if it is to support the economic recovery post COVID. What will be fundamental to our recovery is the support of the real economy, especially SMEs, and also a focus on more equity investments and investments in general. For that, as our African Banker Icon suggested, we will also need to increase our savings rate across the continent. If I had one comment on the winners, it was dominated by men this year. However I should add that the institutions that were recognised in our ceremony all had strong gender programmes, both in terms of supporting women-led businesses but also strong programmes to promote women and have women leaders within their organisations.”

This year the Awards were sponsored by the African Guarantee Fund, Bank of Industry (Nigeria), Banque du Développement du Mali and technology partner TagPay.

THE 2021 African Banker Award Winners

• Sustainable bank of the year, Commercial International Bank (CIB) Egypt
• Infrastructure deal of the year,  Tanzania Standard Gauge Railway US$1.46bn loan facility Nedbank | Standard Chartered | TDB
• Deal of the year – Equity, Privatisation of Afam Power Plc and Afam Three Fast Power LtdFBNQuest
• Deal of the year – Debt, African Export-Import Bank, COVID-19 Support Facility

MUFG Bank, Mitsubishi UFJ Financial Group

• Award for financial inclusion, Trust Merchant Bank, DRC
• African Banker Icon,  Charlie Robertson, Chief Economist, Renaissance Capital
• Finance Minister of the year, H.E Mohammed Benchaâboun, Minister for Economy and Finance, Morocco
• Award for Innovation for Financial Services, Bank of Industry, Government Enterprise Empowerment Programme
• Energy deal of the year, Nkhotakota Solar Power Plant in Malawi / 7.5 MW Solar PV Power Plant in Burundi, African Trade Insurance Agency (ATI)
• Agriculture deal of the year, USD 400m Revolving Trade Finance Facility in favour of ETC Group, African Export-Import Bank (Afreximbank)
• African SME Bank of the Year, Ecobank

Best Regional Bank in Africa, North: Attijariwafa Bank, Morocco

West: Banque de Développement du Mali, East: Equity Bank, Kenya, Central: BGFI, Gabon, Southern: Mozabanco, Mozambique

Investment Bank of the Year, ABSA

Central Bank Governor of the Year, H.E. Lesetja Kganyago, Governor Reserve Bank of South Africa

Lifetime Achievement, Felix Bikpo

African Bank of the Year, Standard Bank Group

• African Banker of the Year, Herbert Wigwe, Group CEO, Access Bank