African Banker Awards lauds winners’ innovation and resilience

30Jun 2021
The Guardian Reporter
Dar es Salaam
The Guardian
African Banker Awards lauds winners’ innovation and resilience

Standard Bank Group was on Wednesday named African Bank of the Year by a leading publication in recognition of the banking giant’s achievements in fighting the Covid-19 pandemic and empowering women.

African Banker(link is external) magazine announced the winners of its 2021 Awards at a virtual ceremony held on the side-lines of the African Development Bank’s 2021 Annual Meetings.

TheAfrican Development Bank is a high patron of the event.The 2021 virtual event featured performances by African diva Angelique Kidjo and Adina, aGhanaian-South African singer.

The award for African Banker of the Year went, for the second consecutive year, to HebertWigwe, Managing Director and co-founder of Access Bank Group, which has grown rapidly tobecome one of the largest retail banks in Africa over the last decade, with over 40 millioncustomers.

The 2021 edition of the awards set out to recognize institutions that have contributed to women’sempowerment on the continent and to the real economy, which has suffered from the impact ofCovid-19.

Morocco’s Minister of Economy and Finance, Mohammed Benchaâboun, was named FinanceMinister of the Year in recognition of his ministry’s exemplary response to the economic crisisbrought on by the Covid-19 pandemic.  

Omar Ben Yedder, Group Publisher of African Banker, commended the banking sector for itsresponsiveness to clients' needs, and for setting up gender programs, supporting women-ledbusinesses and promoting women within their organizations.

“Fintechs are really the flavor of the year and we’ve seen plenty of money from venture capital,from private equity wealth, going into the fintech space in Egypt, Kenya and in Nigeria, and tosome extent crypto and blockchain, although those are at very early stages,” Ben Yedder said.

The continued strength and resilience of the banking sector would be critical to supporteconomic recovery from the pandemic across Africa, he said.

 

Source:AfDB

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