Saturday, October 13, 2012

Dr. Mwangi, KCB & Java feted at African Investor Awards

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Equity Bank Chief Executive Officer James Mwangi was named Africa’s Innovation Leader of the Year Prize by the African Investor (Ai), a leading international investment and communications group during a World Bank Annual Meeting held in Tokyo, Japan.

Mwangi who was recently appointed to the Global Agenda Council on New Economic Thinking (a council of the World Economic Forum) and received an invitation to be a council member at the G8 New Alliance for Food Security and Nutrition, was earlier in the year named the 2012 Ernest and Young World Entrepreneur of the Year.
East Africa’s largest bank in asset base, Kenya Commercial Bank (KCB) scooped the African Investor Bank of the Year Award.

Nairobi Java House-ECP Deal named Venture Capital Private Equity Deal of the Year
The multi-million dollar deal struck between Nairobi Java House and Washington D.C-based Emerging Capital Partners (ECP) where the US private equity fund acquired majority stake, bagged the African Investor Deal of the Year Award.  
Java, co-founded by Kevin Ashley and John Wagner sold 90 percent of its stake to ECP earlier this year in a deal made public but the transacted amount was undisclosed.

Other Awardees include:
Phuti Mahanyele, CEO of Shanduka – Leading Africa Woman in Business of the Year
Brian Molefe, CEO of Transnet – African Business Leader of the Year
Jay Ireland, President and CEO of GE Africa – International Business Leader of the Year
Admassu Tadesse, CEO of PTA Bank – Up and Coming Future Leader of the Year
Xavier Luc Duval, Minister of Finance of Mauritius – Finance Minister of the Year
Phatisa – Investment Climate Initiative of the Year
National Empowerment Fund – Best Initiative in Support of SMEs and the Millennium Development Goals
Nedbank – Carbon Finance Initiative of the Year
SABMiller – Employer and Human Capital Investor of the Year
Botswana Public Officers Pension Fund – Institutional Investor of the Year
Board of Investment Mauritius – Investment Promotion Agency of the Year

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