Ghana's Agricultural Development Bank, ADB for the third time in a row emerged as a winner at the prestigious 2012 Africa Investor (Ai) Awards which was announced in Johannesburg, South Africa, on Monday, 3 December, to the global agri-business investment community.
ADB was adjudged winner of the Agricultural Development Bank of the Year category, which is to recognize achievements of the very best in both private and public sector players in the agribusiness sector.
ADB won the 2012 Agricultural Development Bank of the Year category after placing tops over competition from other Banks and financial institutions which included Agriculture Finance Corporation, Kenya; Land Bank, South Africa; Principal Bank for Development and Agricultural Credit (PBDAC), Egypt; Agribank of Zimbabwe, Development Bank of Mauritius, National Bank of Malawi and PTA Bank.
This marks the second time ADB has won the prestigious Agricultural Development of the Year at the Ai awards. It topped the same category at the maiden Ai awards in 2010. In the 2011 edition ADB won in the Agribusiness category.
African Investor's shortlist of Banks and financial institutions for the agricultural development of the year category were based on stable growth and performance between the period 30th June 2011 and 30 June 2012 and the future plans for banking structure and strategy in the markets of the competing institutions.
Other criteria were financial and technological innovation, knowledge of local markets and use of local human and capital resources in pursuing economic development.
Africa investor is a specialist investment group, advising governments, international organisations and businesses on investment strategies for capital market and foreign direct investments in Africa. Africa investor's media division publishes Africa investor magazine, the leading international newsstand magazine for Africa's investment decision makers; maintains the Africa investor 40 Investors' Index, hosts the Ai Index Series Summit and Awards and the Africa investor Infrastructure Projects Summit & Awards, amongst other events.