He was presented with his trophy by Tim Turner, director of the Private Sector Operations of the African Development Bank at Frangipani Gardens in Arusha, where the awards ceremony took place.
Ecobank beat tough competition posed by six other contestants in its category to come out on top as African Bank of the Year. The bank was given particular credit for its continued expansion throughout Middle Africa as the pan African bank. Ecobank got a strong endorsement when South Africa's Public Investment Corporation officially signed the US$250m investment agreement in the group.Recognising Africa's diversity
The Best Regional Bank category named a winner from each of the five regions of Africa: Attijariwafa Bank, Morocco for North Africa; BGFI, Gabon for Central Africa; Bank of Kigali, Rwanda for East Africa; Access Bank, Nigeria for West Africa; and BCI, Mozambique for Southern Africa - highlighting Africa's diversity but strength as one continent.
Arnold Ekpe, a well recognised face in the African banking community, was honoured with the Lifetime Achievement Award. Dr. Eleni Gabre-Mahdin, founder and managing director of the Ethiopia Commodities Exchange follows in the footsteps of Ngozi Okonjo-Iweala and Adebayo Ogunlesi to win the African Banker Icon Award.
Hon. Mambury Njie, minister of finance for Gambia; Hon. John Rwangombwa, minister of finance for Rwanda; Dr Mustapha Kamel Nabli, central bank governor for Tunisia; Professor Njuguna Ndung'u, central bank governor for Kenya; Arunma Oteh, director general of the Securities and Exchange Commission (SEC), Nigeria; and BBC World News presenter, Zeinab Badawi were among the guests in attendance.
Commenting on the ceremony, Omar Ben Yedder, publisher of African Banker
said, "We have recognised some superb individuals and institutions tonight. Africa's financial sector is a major vehicle for driving the economic growth that has become the talk of the investor community around the world. We have honoured individuals who are prepared to take the bull by the horn, to carry out well thought out visions and who have raised the bar and in some cases taken difficult decisions to deliver on their agenda. Good examples are the central bank governor of Tunisia and the finance minister of Guinea. The winners this year represent a good mix between francophone and Anglophone Africa, big and small countries. They reflect the achievements in banking and finance all over Africa."
The African Banker
Awards are organised by African Banker
magazine, IC Events and BusinessinAfrica Events. It is an event that celebrates excellence and best practices in African banking and finance.Winners
The full list of winners are:African Bank of the Year Ecobank (ETI), Togo
African Banker of the Year
Olusegun Agbaje, managing director, Guaranty Trust Bank, Nigeria
Best Regional Bank in Africa
Attijariwafa Bank, Morocco - North Africa
BGFI, Gabon - Central Africa
Bank of Kigali, Rwanda - East Africa
Access Bank, Nigeria - West Africa
BCI, Mozambique - Southern Africa
Investment Bank of the Year
Award for Innovation in Banking
Equity Bank, Kenya
Socially Responsible Bank of the Year
BMCE Bank Group, Morocco
Award for Financial Inclusion
Groupe Banque Populaire, Morocco
Deal of the Year
Jinchuan's Acquisition of Metorex - Standard Bank Group
Best Bond Deal
Republic of Senegal: Sovereign Bond Issue - Standard Chartered Bank
Investment Fund/Private Equity Fund of the Year
Citadel Capital, Egypt
Best Retail Bank in Africa
Coris Bank International, Burkina Faso
Central Bank Governor of the Year
HE Mustapha Kamel Nabli, central bank governor, Tunisia
Finance Minister of the Year
HE Kerfalla Yansané, Minister of Finance, Guinea
Lifetime Achievement Award
African Banker Icon
Dr Eleni Gabre-Mahdin, founder and CEO, Ethiopia Commodities Exchange