In an outstanding luncheon held on May 28, 2024, at the Nairobi Serena Hotel in Nairobi, Kenya, with over 150 delegates representing AADFI members and various stakeholders, the Association of African Development Finance Institutions (AADFI) presented its 2024 Awards to institutions that have excelled.
The award presentation was a highlight of the AADFI Annual General Assembly, held from May 26 to 28, 2024. Hon. Susan Mang’eni, PS State Department of MSMEs Development, Republic of Kenya, graced the event, representing the Cabinet Secretary.
The 2024 AADFI Awards recognized its members’ remarkable achievements and pivotal contributions to the African development finance landscape. The awards were restricted to two categories: the Institutional Award and the PSGRS Rating Award.
Institutional Award: A Testament to Commitment and Support
The Institutional Award honors institutions with exceptional dedication and support towards the AADFI’s mission and initiatives. The Bank of Industry (BOI) Nigeria was honored with the Silver Award in this category for its exemplary role in hosting the Joint International CEO Forum, a collaborative program of AADFI and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). The event was held in November 2023 in Abuja, Nigeria, with over 300 CEOs and senior executives from development finance institutions across Africa, the Asia-Pacific region, and the globe in attendance.
PSGRS Rating Award: Recognizing Compliance with High Prudential Standards and Guidelines
The PSGRS Rating Award is conferred upon institutions that have participated in the AADFI Prudential Standards, Guidelines, and Rating System (PSGRS) self-assessment exercise, achieved 80% and above on the Compliance and Rating index, and were rated in Category A following the PSGRS Rating Exercise. The PSGRS is a robust framework that aids institutions in elevating their governance, operations, and financials. The esteemed recipients of the PSGRS Rating Award are as follows:
- Development Bank of Southern Africa (DBSA, South Africa)
- Bank of Industry Ltd (BOI, Nigeria)
- Development Bank of Nigeria (DBN, Nigeria)
- Trade and Development Bank (TDB, Kenya)
- Uganda Development Bank Limited (UDBL, Uganda)
- Development Bank of Rwanda (BRD, Rwanda)
- East African Development Bank (EADB – Uganda)
- ECOWAS Bank for Investment and Development (EBID, Togo)
- Fonds de Solidarité Africaine (FSA, Niger)
- Groupe Crédit Agricole du Maroc (GCAM, Morocco)
The AADFI Awards are not merely a celebration of success; they are a source of inspiration, urging others to emulate the laudable examples set by the awardees. These accolades underscore the unwavering commitment and stellar contributions of individuals and institutions to AADFI’s work.
