{"id":479324,"date":"2024-05-30T09:24:54","date_gmt":"2024-05-30T09:24:54","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=479324"},"modified":"2024-05-30T09:24:58","modified_gmt":"2024-05-30T09:24:58","slug":"afreximbank-named-african-bank-of-the-year-for-the-second-year-running-also-clinches-deal-of-the-year-in-infrastructure","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2024\/05\/30\/afreximbank-named-african-bank-of-the-year-for-the-second-year-running-also-clinches-deal-of-the-year-in-infrastructure\/","title":{"rendered":"Afreximbank Named African Bank of the Year for the Second Year Running, also Clinches Deal of the Year in Infrastructure"},"content":{"rendered":"
<\/div>\n

For the second year in a row, African Export-Import Bank (Afreximbank) has emerged as a double winner at the African Banker Awards, winning both the \u2018Bank of the Year\u2019 and \u2018Deal of the Year (Infrastructure)\u2019 awards. This prestigious recognition was announced at the awards gala ceremony held in Nairobi and attended by over 300 of the continent\u2019s leading figures in banking and finance. 
The award organisers highlighted Afreximbank\u2019s exceptional performance across various metrics, key among them, \u201cconsiderably changing the banking landscape by reaching out to new customers, offering new services, adopting inclusiveness by bringing the unbanked into the banking space, making use of new technologies, and helping to drive growth through a stronger financial sector.\u201d  <\/p>\n\n\n\n

The Bank of the Year award reflects Afreximbank’s outstanding financial performance, as the Group’s results for the financial year ending 31 December 2023 showed remarkable strength and resilience, surpassing the previous year’s performance.
In the Deal of the Year \u2013 Infrastructure category, Afreximbank was honored for its USD 155 million investment in Great Horn Investments Holding (GHIH). This funding supports a series of development projects in Djibouti\u2019s Damerjog Industrial Development Free Trade Zone. The deal was announced last year following a meeting between Afreximbank President Prof. Benedict Oramah and President of Djibouti Omar Guelleh, during the 2023 Summit of Heads of State of the African Union that was also held in Nairobi.

Speaking during the award ceremony, Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank noted<\/strong>: \u201cWe are extremely delighted to win both the Bank of the Year and The Deal of the Year for Infrastructure as these awards underscore our expertise in development financing. I accept these awards on behalf of the hardworking staff of Afreximbank, our customers and partners, and also the Alliance for African Multilateral Financial Institutions who work tirelessly to make the change that Africa needs. Many of our members have excelled in tonight\u2019s ceremony and this demonstrates the magnitude of their continual contribution towards meeting the development needs of our great continent — including infrastructure, trade, SME lending among others.\u201d<\/p>\n\n\n\n

The Deal of the Year \u2013 Infrastructure award is particularly significant for Afreximbank as it marks the Bank\u2019s first collaboration with GHIH and the government of Djibouti. This partnership aims to help Djibouti achieve its goal of becoming a regional trans-shipment and logistics hub. This project will greatly promote intra-African trade, given Djibouti\u2019s strategic location in the horn of Africa and support neighbouring economies such as Ethiopia and Somalia through access to freight services.<\/p>\n\n\n\n

The facility is critical to Djibouti\u2019s economic development as the funds will be used for the completion of the Damerjog Oil Jetty, expected to provide marine connectivity to the free trade zone, and for the construction of a 150,000m\u00b3 first storage depot\/oil tank farm, as well as for other costs related to the projects. This will greatly help develop Djibouti\u2019s infrastructure and its vision of becoming a \u2018regional transport hub\u2019 by 2035.

Now in its 18th<\/sup> edition, the African Banker Awards celebrate the achievements of individuals and institutions that have contributed significantly to the growth and development of Africa\u2019s Banking sector over the past year.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

For the second year in a row, African Export-Import Bank (Afreximbank) has emerged as a double winner at the African Banker Awards, winning both the \u2018Bank of the Year\u2019 and \u2018Deal of the Year (Infrastructure)\u2019 awards. This prestigious recognition was announced at the awards gala ceremony held in Nairobi and attended by over 300 of<\/p>\n","protected":false},"author":527180,"featured_media":479326,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046,12065],"tags":[2360],"class_list":["post-479324","post","type-post","status-publish","format-aside","has-post-thumbnail","category-leaders-en","category-press-releases","tag-afreximbank","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"\nAfreximbank Named African Bank of the Year for the Second Year Running, also Clinches Deal of the Year in Infrastructure - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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