ADB Ghana adjudged 2011 Africa Agribusiness Development Bank of the Year

Agricultural Development Bank (ADB) Ghana has been adjudged the best Agribusiness Development Bank in Africa for year 2011 by the Africa investor (Ai), a leading international investment research and communications group based in Cape Town, South Africa.

The award also is to recognise ADB’s achievements across the main agriculture sectors, according to Ai.

Ai made this known when it announced the winners of its prestigious 2011 Africa investor Agribusiness Investment Awards to the global agribusiness investment community November 23, 2011.

The Awards are the first of their kind to internationally recognise Africa’s agribusiness investment leaders improving the continent’s agribusiness investment profile.

The Standard Bank Group was awarded Structured Trade Finance Deal of the Year for its initiative to provide $100 million to farmers in Uganda, Ghana, Mozambique and Tanzania. The Bank was recognised for its continuing efforts in the agribusiness sector.

African Trade Insurance Agency walked away with the Export Credit Initiative of the Year award, Development Finance Initiative of the Year award went to the Industrial Development Corporation for investing $30 million in Agribank, Zimbabwe, and South African paper giant Sappi was awarded Agro-processing Initiative of the Year award.

The Agribusiness Investment Awards 2011 Winners are:

Structured Trade Finance Deal of the Year
Standard Bank

Export Credit Initiative of the Year
African Trade Insurance Agency

Development Finance Initiative of the Year
Industrial Development Corporation

Agro-processing Initiative of the Year
Sappi

Agribusiness Investment Initiative of the Year
Phatisa

Minister of Agriculture of the Year
Honourable Tina Joemat-Petterson, Minister of Agriculture, South Africa

Trade Finance Bank of the Year
African Export-Import Bank

Agricultural Commodities Initiative of the Year
Ethiopia Commodity Exchange

Biofuels Initiative of the Year
Presidential Initiative on Banana Industrial Development

Agribusiness Development Bank of the Year
Agricultural Development Bank of Ghana

Agribusiness Fund of the Year
Futuregrowth Asset Management

Commenting on the Award winners, Hubert Danso, Chief Executive Officer and Vice Chairman, Africa investor, said: “Private sector innovation and partnerships are critical to developing investable agribusiness transactions and stimulating job creation. We are delighted to have received such great interest in these awards from both public and private sector institutions, committed to showcasing their success stories. The calibre and innovation of the winning individuals and institutions will go a long way towards establishing African agriculture as an internationally competitive investable asset class.”

By Ekow Quandzie