Lagos - Two Nigerian banks and a deal South
African bank financed locally have been nominated for the Nominees for the 2015
African Banker Awards.
Fidelity Bank has been nominated for the Award for Financial
Inclusion alongside banks from Democratic Republic of Congo, Morocco and
The more prestigious African Bank of the Year sees local
bank Guaranty Trust Bank vying for the honor with financial houses from South
Africa and Morocco.
The US$900 million 459 MW Azura Edo IPP gas-fired open cycle
power plant in Nigeria, financed by Rand Merchant Bank, a division of FirstRand
Bank Limited, is in line to win the Infrastructure Deal of the Year.
The Awards will be held during the Annual Meetings of the
African Development Bank (AfDB) at the end of May in Abidjan, Ivory Coast.
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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 May
Chair of the Awards Committee, Omar Ben Yedde, said Africa's
banking sector continued to expand and the encouraging point was there is
plenty of scope for growth.
“What was particularly interesting this year was the number
of entries we received in three particular categories. These were innovation in
banking, the category for financial inclusion and the deal of the year award. I
am not sure whether this was coincidental or whether we are seeing a shift in
what banks and financial institutions are putting an increasing emphasis on.”
He added that innovation financial inclusion and deals were
key to the continent's transformation.
“And banks seem fully engaged in all three. The quality of
the entries showed the amazing work which is going on, North, West, East,
South, everywhere throughout the industry. In many ways, I feel sorry for the
judges who will have to make these difficult selections,” said Yedde.
- CAJ News