Ratio Magazine :: The Inside Track to East Africa’s Economies - Africa Agenda: Africa Investor Announce Shortlist for Investment Awards

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Africa Agenda: Africa Investor Announce Shortlist for Investment Awards

Wednesday, 15 October 2008

The long awaited shortlist for the Africa investor (Ai) Investment Awards was announced today, creating widespread speculation as to who the winners of the Ai Investment Awards 2008, will be. The Ai Investment Awards have gained international acclaim for their pioneering and unique pan-African investment focus, underpinned by the outstanding quality of their entries, winners and supporters. The Awards are dedicated to recognising and rewarding the achievements of the private sector across a wide range of sectors and disciplines, and attract market leaders from across the continent.

The Investment Awards, commonly known as Africa's Investment Oscars, are the longest running and most established international investment awards in Africa. Previous winners have included: Standard Bank, BHP Billiton, Nedbank, Shell, Microsoft, the MoIbrahim Foundation, United Nations Conference on Trade and Development (UNCTAD), Nigerian Stock Exchange, and Zenith Bank, amongst others.

The 2008 shortlisted companies include: The MTN Nigeria Foundation and the Bill & Melinda Gates Foundation, both shortlisted in the Best Initiative in Support of MDG's category. The Bank of the Year, a hotly contested category, has the following shortlisted banks: Oceanic Bank Plc, Kenya Commercial Bank, Ecobank, BMCE, Standard Bank, and Zenith Bank vying for the top spot. In the Smart Regulation category, the Central Bank of Mauritius and Ministry of Finance Kenya, amongst others have been shortlisted.

The Business Woman of the Year category has entries from Africa's leading women: Ms Philisiwe Buthelezi of the National Empowerment Fund, Mrs Oyinkan Adewale of Renaissance Group, Ms Evelyn Mungai of Evelyn College of Design, Chief Dr. (Mrs.) Cecilia Ibru of Oceanic Bank Plc, Dr Mamphela Ramphele of Circle Capital Ventures, and Mrs Margaret Mwanakatwe of Barclays Bank Ghana. Meanwhile, South Africa's Ethos Private Equity goes head to head with Actis, SEACOM, Emerging Capital Markets, and Kingdom Zephyr Africa Management for the Venture Capital Deal of the year Award.

The African business leader of the year category pertains to those CEOs and directors whose activities have not only benefited their region and industry, but have also set Africa one step closer to achieving the Millennium Development Goals. This year's shortlisted leaders are: Mr Brian Molefe of Public Investment Corporation Ltd, Mr Patrice Motsepe of African Rainbow Minerals, Mr Jim Ovia of Zenith Bank, Dr Raymond C Obieri of Intercontinental Bank plc, Sheikh Mohammed Hussein Ali Al Amoudi of Corral Petroleum Holdings/MIDROC, and Mr Arnold Ekpe of Ecobank.

The International Business Leader of the year category is dominated by global players who have a committed and sustained investment and development interest in Africa. The shortlist this year includes: Prince Alwaleed Bin Talal Alsaud of Kingdom Holding Company, Mr Neville Isdell of the Coca Cola Company, Mr Li Ruogu of China EximBank, Dr Saad Al Barrak of Zain, Mr Stanley Ho of Shun Tak Shipping Company, and Mr Jeff Immelt of General Electric. For the full shortlist please see the list below.

Commenting about the Awards, Dr Bamanga Tukur, Chairman, Africa investor Group said: "Despite the global financial crisis, Africa is addressing its development challenges head on by embracing the innovation of the private sector and focussing on optimising the impact investment plays in supporting sustainable African development. I am sure that with NEPAD's increased focus on improving Africa's investment climate and the increasing number of successful, innovative public private partnerships, Africa will establish herself as a prime international investment destination. It is clear that all of the constituents of the 2008 shortlist are the drivers behind Africa's current record growth and will be the ones to watch in 2009."

The esteemed judging panel includes: Dr Bamanga Tukur, Chairman, Africa Investor; Dr Ken Kwaku, Special Advisor to Former President Mkapa; Mr Sunil Benimadhu, CEO, Mauritius Stock Exchange, Mr Mawuli Ababio, Managing Director, African Venture Capital Association (AVCA); Ms. Lindie Engelbrecht, Chief Executive, Institute of Directors, Southern Africa; Mr William Kalema, Chairman, UMACIS Consulting; and Mr Yumkella Kandeh, Director General, United Nations Industrial Development Organization (UNIDO).

The awards ceremony will take place during the All African Ministers of Industry gala dinner, co-hosted by the South African Government's Department of Trade and Industry (the dti), The African Union, UNIDO and Africa investor, on the 27th of October 2008 at the International Conference Centre (ICC), Durban, South Africa.

The Africa investor Investment Awards will coincide with the African Union Conference of African Ministers of Industry (CAMI) and the Africa investor-UNIDO CEO Forum which takes place from the 27th - 28th October also at the ICC in Durban, South Africa.

The Africa investor Investment Awards are supported by Durban Investment Promotions Agency, NEPAD, Oceanic Bank Plc, the NEPAD Business Group and the African Business Roundtable.
‘For the full short list, Ai Investment Awards - Shortlist 2008’

Background: Ai Investment Awards

The Africa Investor Investment Awards reward exceptional business practices, economic achievements and investments across the investment spectrum in Africa including Best Bank, Sustainable Investing in Africa, Smart Regulation, Best Initiative in Support of the Millennium Development Goals, Businesswoman of the Year, African and International Business Leaders. In addition to business success, the awards emphasise responsibility towards society and good corporate citizenship. For more
information visit: http://www.africa-investor.com/aiawards/awardwelcome.html

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