KCB, Equity Bank star in African Banker Awards shortlist

Kenyan banks and CEOs have put up another strong show after being nominated for the 2018 African Banker Awards. Others poised for top honours are lenders from Morocco and Nigeria. Ecobank, Standard Bank and Standard Chartered, which have a large footprint across the continent also feature across several categories.

KCB Group CEO Joshua Oigara and Equity Group’s James Mwangi have both been selected for the African Banker of the Year Award.

Mwangi has won the award twice in 2010 and 2011 for revolutionising Kenya’s banking industry, pioneering the first mobile banking technology in the world to reach out to the unbanked, championing the empowerment of ordinary people through inclusive finance and  ensuring financial inclusivity for the unbanked masses.

Equity Group has also been shortlisted for the African Bank of the Year Award as well as Award for Financial Inclusion and Socially Responsible Bank of the Year Award.

On the other hand, KCB Kenya has been nominated for Best Retail Bank in Africa while KCB Group was also shortlisted for the Socially Responsible Bank of the Year Award.

Last year, KCB was named as the Best Regional Bank in East Africa at the African Bakers Awards 2017 in Ahmedabad, India.

This year’s Awards, which are hosted by African Banker magazine, will be held during the Annual Meetings of the African Development Bank (AfDB) at the end of May in Busan, South Korea. The finalists, selected by an expert judging panel of bankers and business leaders will be announced at the African Banker Awards ceremony which will take place on Wednesday, May 22.

Chair of the Awards Committee, Omar Ben Yedder, the Group Publisher and Managing Director of IC Publications Group, which publishes African Banker, said that he was once again impressed by the quality and breadth of entries this year.

“We saw McKinsey earlier in the year releasing a very positive report analysing the banking landscape in Africa. The entries reaffirm their findings when they say Africa’s banking market are amongst the most exciting in the world. The categories that caught my eye were innovation in banking – and this year’s entries reflect the transformative role of fintech and also blockchain technology – as well as deal of the year, which is every year a very competitive category.  Equity markets were a little slower in 2017, but we saw some interesting deals on the debt side and also transformative infrastructure financing structures. The quality of the entries, and sophistication of the solutions being presented, reflect a buoyant sector in continuous evolution.”

The awards which are held under the high patronage of the African Development Bank and, are sponsored by The African Guarantee Fund, Banco Nacional de Investimento (BNI), Groupe Crédit Agricole du Maroc and the Bank of Industry.

The shortlisted entries are:

African Banker of the Year:

  • Mohamed El Kettani – Attijariwafa Bank, Morocco
  • James Mwangi – Equity Group Holdings Plc, Kenya
  • Joshua Oigara – KCB, Kenya
  • Segun Agbaje – Guaranty Trust Bank, Nigeria
African Bank of the Year: 
  • Attijariwafa Bank, Morocco
  • Equity Group Holdings, Kenya
  • Guaranty Trust Bank, Nigeria
  • The Mauritius Commercial Bank, Mauritius
  • Standard Chartered
Best Retail Bank in Africa: 
  • Barclays, Zambia
  • Ecobank
  • KCB, Kenya
  • Millennium BIM, Mozambique
  • SBM Holdings, Mauritius
Investment Bank of the Year: 
  • Barclays Africa Group
  • Exotix
  • FNBQuest Merchant Bank, Nigeria
  • Standard Bank
  • Standard Chartered
Award for Financial Inclusion: 
  • Fourth Generation Capital Limited, Kenya
  • Groupe Crédit Agricole du Maroc, Morocco
  • Baobab Group, France
  • Equity Group, Kenya
  • JUMO World, South Africa
Award for Innovation in Banking: 
  • Agricultural Finance Corporation, Kenya
  • Ubuntu Coin
  • Banque Nationale pour le Développement Economique, Senegal
  • Ecobank
  • SBM Holdings, Mauritius
Socially Responsible Bank of the Year:
  • Barclays Bank, Zambia
  • BMCE Bank of Africa, Morocco
  • Equity Group, Kenya
  • First Bank of Nigeria, Nigeria
  • KCB Group, Kenya
  • Standard Chartered Bank Kenya, Kenya
Deal of the Year – Equity: 
  • ADES IPO – EFG Hermes, Egypt
  • First Rand Acquisition of Aldermore PLC – Rand Merchant Bank, South Africa
  • GAPCO sale to Total – Standard Chartered, South Africa
  • Long4Life IPO – Standard Bank, South Africa
  • Steinhoff Africa Retail Listing – Rand Merchant Bank, South Africa
  • Vodacom Tanzania IPO – National Bank of Commerce and Absa CIB, Tanzania
Deal of the Year – Debt:  
  • $300m Diaspora Bond – Standard Bank/FBNQuest Merchant Bank, Nigeria
  • $540 First Rand Asia Focused syndication – Standard Chartered, UK
  • Cape Town Green Bond – RMB, South Africa
  • Dufil Prima Foods – Standard Bank, South Africa
  • Nokeng Fluorspar – Fieldstone, South Africa
  • Viathan – Renaissance Capital, Nigeria
Infrastructure Deal of the Year: 
  • Nigeria Infrastructure Debt Fund – Chapel Hill Denham, Nigeria
  • Nacala Railway and Port Corridor – Standard Bank SA / RMB, South Africa
  • FIRST – Rand Merchant Bank, South Africa
  • AEE Power Project – RMB, Namibia
Individual recognition will also be given in the categories for the Regional Bank winners, Central Bank Governor of the Year, Finance Minister of the Year and Lifetime Achievement.

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