Thugge named top governor during Africa bank awards
Business
By
Nicole Njuguna
| May 30, 2024
Protagonists of innovative trends and development in the fast-evolving world of African banking and finance were the big winners during the 18th edition of the African Bankers Awards, 2024 held on Tuesday.
The annual celebrations are held on the side-lines of the African Development Bank Group meetings hosted by various member states. The awards recognise outstanding achievements of companies and individuals who have positively shifted the perception of Africa's potential in domestic and international markets, creating new financial opportunities for citizens and communities all over the continent and inspiring new generations of bankers shaping Africa's future.
Kenya's Central Bank of Kenya (CBK) Governor Dr Kamau Thugge, was awarded Central Bank Governor of the Year. In their citation, the African Banker highlighted the considerable challenges faced by central bank governors globally, noting that despite the obstacles, Dr Thugge has successfully stabilised markets and bolstered confidence in Kenya's economy.
African Export-Import Bank (Afreximbank) bagged Bank of the Year while Flutterwave was awarded FinTech of the Year for demonstrating original and efficient use of technology, innovative practices and inclusive access to financial services for customers.
READ MORE
Curriculum delivery is a marathon, not a sprint
Recipe for rigging: Battle looms over plan to scrap IEBC's livestreaming of election results
Why Ruto rejected Public Procurement (Amendment) Bill, 2024
Kenya shines at Zone Individual Chess Championship in Ethiopia
Police-linked brutality victims in court, claim opaque compensation process
Safe but scared...: Tales of Mathare floods survivors
Inside huge cash withdrawals from affordable housing kitty
Prof Mutua should face MPs for grilling on victims payouts
Government should address issues raised by young people without resorting to intimidation
Subaru driver in a dramatic high-speed chase after alleged hit-and-run in Nairobi
Standard Bank Group was awarded under the Sustainable category, for exemplifying philanthropic use of funds to improve the lives of the less advantaged in society.
Ecobank was lauded as SME bank for expanding SME-focused lines of credit, providing technical assistance and linkage capacity-building programmes with the private sector.
Omar Ben Yedder, chair of the Awards Committee, emphasiSed the importance of agility, saying, "Our banks and financial institutions are embracing new ideas and creating mechanisms to unlock capital. However, speed and scale are critical factors that require laser focus. How do we replicate these successes across the continent swiftly and broadly?"
Prof Vincent Nmehielle, African Development Bank Secretary General said that this year's annual meetings were some of the best attended, ''a testament to the Bank's convening power, amassing stakeholders together to drive the continent's development.''
Jules Ngakam, Group Chief Executive, African Guarantee Fund noted the SME paradox - they are expected to be the biggest employment and growth drivers, yet, they are the least funded, with a $300bn (roughly Sh40 billion).
Kenya seeks deeper US investment in tourism, conservation
Kenya is seeking deeper cooperation with the United States in tourism and wildlife conservation as both countries explore new partnerships to support sustainable development.Wachinga's court fight reopens Kenya Re's history of boardroom wrangles
The Kenya Re CEO claims a plan has been hatched to unceremoniously kick him out of office, reigniting the never-ending boardroom wars that have dogged the State-owned reinsurer.Uganda takes control of Kenya Pipeline as Museveni secures veto power, two board seats
Uganda has gained board seats and veto powers at KPC, raising concerns over Kenya's control of its strategic fuel transport infrastructure.Excitement as government announces opening of new tourism college at the Coast
Coast tourism players welcome the September opening of Ronald Ngala Utalii College, saying it will boost hospitality skills and workforce training.Airtel Kenya to build regional mega data centre
Airtel Kenya is building a major data centre, expanding network coverage and launching new services to strengthen Kenya's digital economy.MOST READ
- Wachinga's court fight reopens Kenya Re's history of boardroom wrangles
FINANCIAL STANDARD
- Uganda takes control of Kenya Pipeline as Museveni secures veto power, two board seats
FINANCIAL STANDARD
By Brian Ngugi
- Excitement as government announces opening of new tourism college at the Coast
FINANCIAL STANDARD