KCB & Equity Bank emerge winners in the African Banker Awards 2019

Joshua Oigara, Group CEO of KCB Group
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Kenya’s KCB Bank and Equity Bank have emerged winners in the African Banker Awards 2019. KCB Bank won the prize for innovation and Equity Bank for its CSR activities. Winners of the 2019 edition of the African Banker Awards were announced at a prestigious Gala Dinner in Malabo, Equatorial Guinea.

Afreximbank won Bank of the Year and the Trade and Development Bank’s President, Ethiopian Admassu Tadesse, won African Banker of the Year. This year’s lifetime achievement went to former First Rand Group CEO, South African Sizwe Nxasana. The African Banker Icon went to Mitchell Elegbe, founder of Interswitch, the payments service provider. Egyptian Central Bank Governor, Tarek Amer won Central Bank Governor of the Year. Romuald Wadagni from Benin won Finance Minister of the Year.

Commenting on the impressive achievements of the banks shortlisted for the 2019 awards, Omar Ben Yedder, Publisher of African Banker said: “We’ve been following the work of the financial services industry for many years. The sector over the years has seen great returns, and 2018 was another strong year for banks. Undoubtedly FinTech was the most buoyant sector in terms of tech investments and we are yet to truly see the transformative impact it can have. Despite the positive stories from the banking sector, the words of the winner of our Banker of the Year still resonate when he said last year at the Africa Investment Forum: we need to speed up, scale up and synergise. ”

The awards, which are held under the patronage of the African Development Bank, are sponsored by the African Guarantee Fund as Platinum Sponsor, the Bank of Industry as Gold Sponsor and Coris Bank as Associate Sponsor. The Host Sponsor this year was Banco Nacional de Guinea Ecuatorial.

2019 African Banker Awards winners

African Banker of the Year

Admassu Tadesse, TDB

Lifetime Achievement Award

Mitchell Elegbe, Founder, Interswitch Group

African Bank of the Year

Afreximbank

Minister of Finance of the Year

Romuald Wadagni, République du Benin

Central Bank Governor of the Year

Tarek Amer, Central Bank Governor, Egypt

Best Retail Bank in Africa

Ecobank

Investment Bank of the Year

Absa Capital

Award for Financial Inclusion

Bank of Industry, Nigeria

Special Commendation for their contribution to the development and financing of the Rural Sector

Banco Nacional de Guinea Ecuatorial (BANGE)

Socially Responsible Bank of the Year

Equity Bank, Kenya

Innovation in Banking

KCB, Kenya

Special Commendation

JUMO, South Africa

Deal of the Year – Equity

Vivo IPO
Standard Bank & Rand Merchant Bank (South Africa)

Deal of the Year – Debt

$2.2bn Senegal Eurobond
Rothschild

Infrastructure Deal of the Year

Mozambique Floating LNG
TDB & Credit Agricole

Regional Bank of the Year

East Africa – KCB, Kenya
West Africa – Orabank
North Africa – Banque de l’Habitat (Tunisia)
Southern Africa – Mauritius Commercial Bank
Central Africa – BGFI, Gabon

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