NIC Bank was named the overall winner of the 11th
edition of the Financial Reporting (FIRe) Awards at an awards ceremony held at
Safari Park Hotel on Friday.
The bank, which had a 238 percent oversubscription of its
rights issue, also bagged other awards in the Bank, Listed Companies, and IFRSs
Category as well as Kenya’s winner in the country category.
The FIRe awards seek to recognize exemplary accounting
standards among companies in the East African Region. It also seeks to promote
and institutionalize transparency, integrity, and accountability in the
corporate reporting process.
This year’s awards received 93 entries, the highest number
since its inception in 2002.
Here are the other
awardees:
Winner Uganda – Stanbic Uganda
Winner Tanzania – Swissport
Tanzania
Winner Rwanda – Bank of Kigali
Insurance Category – PanAfrican
Holdings
Industrial, Commercial and Services
Category – Centum Investments
SACCO’s Category – Unaitas (previously
Muramati Sacco)
Not for Profit Category –
Strathmore University
Corporate Governance Category –
Barclays Bank of Kenya
SME Category – Sai Pharmaceuticals
Corporate Social Investment Category
– Standard Chartered Bank
IPSAS Recognition Award Cash Basis –
Ministry of Foreign Affairs, Rwanda
IPSAS Recognition Award Accrual Basis – Kenya Roads
Board
IFRS’s for SMEs Recognition Award –
Melvin Marsh International Ltd
Promoter’s Recognition Award –
AMACO Assurance
The Nairobi Securities Exchange (NSE), Capital Markets Authority
(CMA), and the Institute of Certified Public Accountants of Kenya (ICPAK) organize
the annual award.
“Coming together is a beginning; Keeping together is progress; working together
is success.” - Henry Ford
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