Absa CIB named best Investment Bank in Africa at the EMEA awards


Absa CIB Admin


Absa claims multiple awards in regions across the continent at the 12th EMEA Finance African Banking Awards.

Absa Corporate and Investment Banking (CIB) claimed top honours in the 12th EMEA Finance African Banking Awards for 2019 when it was awarded Best Investment Bank in Africa; it also won Best Investment Bank in Botswana, South Africa, Tanzania, and Zambia as well the Best Equity House in Mozambique and the Best Loan House in South Africa.

“We are honoured to be chosen as the best investment bank in Africa at these highly respected industry awards,” says Absa CIB CEO Charles Russon.

“It is testament to the hard work the team have put in to make our business more and more client focused while ensuring we deliver to the level expected of a leading investment bank."

“We have seen a growing appetite by our clients to invest and expand across the continent, both in the markets that Absa operates in and in non-presence countries. We are here to provide the solutions that help our clients realise their ambitions across this continent,” says Russon.

Strong partnerships back Absa’s expertise

The awards recognise the achievements of retail and investment banks as well as their asset management and brokerage operations across the combined emerging Europe, Middle East and Africa (EMEA) regions.

David Renwick, Head: Investment Banking Division says, “Absa owes these achievements to incredible partnerships it has built with its clients and the talented teams within the business that continuously demonstrate world-class expertise and capabilities across a range of solutions and markets for clients in Africa. These included various Advisory, Capital Raising and Financing mandates, in addition to being the joint-lead arranger in the first social bond ever raised by a corporate in Africa.”

The other notable achievement for the bank was its selection as joint book-runner on the Airtel Africa Plc dual IPO on the London and Nigerian Stock Exchanges, where Absa was also Joint Issuing House in Nigeria as well. Renwick says this was the largest African IPO since 2018 and the largest ever IPO on the Nigerian Stock Exchange.

Barclays Tanzania Managing Director Abdi Mohamed says, “We are honoured to be receiving this award. We thank our customers and all our stakeholders for the ongoing support. As we transition our brand to Absa over the coming months we will continue to focus on innovation, service delivery, and bringing possibility to life for our customers.”

Innovative banking solutions for the African continent

These awards speak to how Absa is pushing the financial boundaries by developing new propositions that remove obstacles and reduce its client’s pain points, in addition to being a socially responsible bank in all the markets where they operate.

MD of Barclays Bank Zambia Mizinga Melu says, “We are honoured to be the recipient of the 12th EMEA award. Being recognised for this prestigious award is testimony of our Corporate and Investment Banking capabilities that are anchored on supporting the growth of key sectors of our economy, building strong partnerships with our clients as well as connecting clients to larger markets through our regional and global footprint. “

“As we embark on our journey to Absa, we will continue to provide our customers with innovative banking solutions that not only meet their needs, but help to shape the banking sector in Zambia,” she said.

This article was originally published here


Related Articles

Commercial Property Insights

East African property is on the rise

Despite the challenging economic environment experienced over the last three years, the East African property market is one that appears to be offering some exciting potential for patient investors. While Emerging Market property faces certain headwinds including inflationary pressures, rising global interest rates and liquidity squeezes, there are reasons to feel optimistic about the sector as a whole.

Commercial Property Insights

2021 MSCI South Africa Annual Property Index returns show the sector recovered to a positive return of 5.3%

The IMF’s January 2022 World Economic Outlook forecasts global growth to moderate from an estimated 5.9% in 2021 to 4.4% and 3.8% in 2022 and 2023, respectively. This outlook was produced early in the first quarter and had not accounted for the outbreak of the conflict between Russian and Ukraine. The IMF further forecasts South Africa’s economic growth to decrease from 4.9% to 1.9% from 2021 to 2022 and to further decline to 1.4% in 2023. However, Absa Economic Research Unit forecasts moderately higher expectations with growth of 2.1% in 2022 and 1.7% in 2023.


AfCFTA, the long road to Africa’s promised land of trade and prosperity

The African Continental Free Trade Area (AfCFTA) has been touted as the supercharger of Africa's long-term economic success. Here, Bohani Hlungwane, Group Head of Sales, Trade and Working Capital at Absa, looks at how far we have come and what needs to be done. vvvvvvvv


Absa Insights Series: Resource firms and funders are increasingly transparent about carbon emissions

The Paris Agreement forces companies and lenders to be responsible and to consider the climate in their operations.