Africa-Press – Mozambique. The African Banker Awards, presented by the magazine with the same name, recognised the Temane Power Plant, in Inhambane province, southern Mozambique, as the 2022 Energy Deal of the Year, the organisation said on Thursday (28).
” Congratulations to Absa Mozambique and the International Finance Corporation (IFC) for winning the Energy Deal of the Year in last night’s African Banker Awards 2022. The Central Térmica de Temane is a 450 MW gas-fired power plant, expected to help Mozambique improve access to electricity with lower-cost power,” The African Banker Magazine twitted.
The Bita Water Supply Project, in Vila Flor district, in Luanda, was the Infrastructure Deal of the Year, in a ceremony on the sidelines of the annual meetings of the African Development Bank, taking place this week in Accra, Ghana.
The Temane Thermal Power Plant, whose first stone was laid by the Mozambican President in March, will be the main electricity production plant built in Mozambique since independence.
It is expected to start producing power in two years’ time, with a capacity of 450 megawatt (MW), about a fifth of the Cahora Bassa hydroelectric plant, the country’s largest – the plant alone will increase Mozambique’s installed power generation capacity by about 16%.
The Bita Water Supply Project consists of construction of a water collection system in the south of Luanda, in the Bita Tanque area, which will add around 250,000 cubic metres of water to the Angolan capital.
The project is estimated to cost over US$1 million and is expected to benefit over a million people, with water being collected from the Kwanza river and construction of a 1,600-millimetre pipeline with a length of six kilometres.
Angola’s finance minister Vera Daves de Sousa, has been awarded the prize of Finance Minister of the Year at the African Banker Awards.
Vera Daves was recognised as Finance Minister of the Year for her work to restore stability and confidence to the markets in Angola.
UN Under-Secretary-General and Executive Secretary of the Economic Commission for Africa, Vera Songwe, was awarded the Africa Banker Icon award “for her tireless work to provide governments with the fiscal ammunition to deal with the impact of Covid-19”.
“It was really a moment to demonstrate that Africa is resilient,” Songwe, who was not present at the event, said in a recorded message before the ceremony.
Songwe explained that she was aware of “the menu of solutions because in 2008 I was on the other side [of the table] when the Special Drawing Rights were handed over to European economies” to deal with the financial crisis.
The president of the African Export-Import Bank (Afreximbank), Benedict Oramah, won the Banker of the Year award for making the institution one of the leading banks in the response to the pandemic by providing liquidity assistance and solutions when Covid-19 vaccines needed to be purchased, as well as for helping to create conditions for businesses to take advantage of the African Continental Free Trade Area when negotiations ended.
Bank of Uganda Deputy Governor Michael Atingi-Ego won the Central Bank Governor of the Year award and the African Bank of the Year award went, for the second consecutive year, to Standard Bank Group, the continent’s largest bank by assets.
Full list of the African Banker Wards 2022 winners:
Energy Deal of the Year
Temane Thermal Power Station | Absa Mozambique and International Finance Corporation
Agriculture Deal of the Year
US $200 Million corporate facility (the “Facility”) to BUA Industries Limited (“BIL”) | Africa Finance Corporation
Infrastructure Deal of the Year
The Luanda Bita Water Supply Project | African Trade Insurance Agency
Debt Deal of the Year
BANK OF INDUSTRY €750 Million Debut Senior Note Participation Notes due 2022 | Bank of Industry
Equity Deal of the Year
Prosus’ c. US$15 Billion Accelerated Equity Offering in Tencent | Citi
Sustainable Bank of the Year
Trade and Development Bank
FinTech of the Year
Interswitch
Award for Financial Inclusion
Tugende Uganda
SME Bank of the Year
Ecobank
DFI of the Year
Trade and Development Bank
African Bank of the Year
The Standard Bank Group
African Banker of the Year
Benedict Oramah
Yaw Kuffour Award for Trade Finance
Coris Bank
Central Bank Governor of the Year
Michael Atingi-Ego
, Deputy Central Bank Governor, Uganda
Minister of Finance of the Year
Hon. Vera Esperança dos Santos Daves de Sousa,
Angola
African Banker Icon
Dr. Vera Songwe
, Executive Secretary of the United Nations Economic Commission for Africa
Lifetime Achievement
Atedo Peterside CON
, Founder of IBTC Bank
Best Regional Bank – North Africa
National Bank of Egypt
Best Regional Bank – Southern Africa
Mauritius Commercial Bank
Best Regional Bank – West Africa
Fidelity Bank, Ghana
Best Regional Bank – East Africa
Co-Operative Bank of Kenya
Best regional Bank – Central Africa
Raw Bank, DRC
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