June 12/2019 Ethiopian Admassu Tadesse has won the 2019 African Banker of the Year Award at a ceremony held on the sidelines of the African Development Bank (AfDB) in Malabo, Equatorial Guinea.
The award goes to best African bankers that have overseen strong financial performance in their organizations and successfully guided the organizations to new heights in the industry.
Admassu is the President and Chief Executive Officer of Trade and Development Bank (TDB), formerly the PTA Bank, under whose leadership the bank has grown its portfolio five-fold since 2011, it was learned.
Likewise, Romuald Wadagni from Benin won Finance Minister of the Year Award for his considerable improvement of the country’s macro-economic indicators and embarking on several reforms to structurally transform the economy.
This award goes to African minister of finance who has shown the skills and dexterity to create conditions for appealing investment climate.
Nigeria’s Bank of Industry has won the award for financial inclusion category where the Amhara Credit and Savings Microfinance Institution (ACSI) was nominated.South African banks dominated the investment banking and deals of the year categories, and Absa won Investment Bank of the Year as well as Standard Bank and RMB won the equity deal of the year with the VIVO Energy IPO.
Deal of the year in the debt category went to Senegal’s Credit Agricole and TDB’s for financing of the Floating LNG platform in Mozambique.
In other categories, Ecobank won Retail Bank of the Year; Kenya’s KCB won the prize for innovation and Equity Bank for its corporate social responsibility activities. Nigeria’s Bank of Industry won the prize for Financial Inclusion.
Seven high profile judges, including the Ethiopian business leader and Global Chairman of Fairfax Africa Fund, Zemedeneh Nigatu decided the winners.