African Investor Relations » awards

Econet and African Sun pick up CSR awards

AfricanisCool — Wed, 29 Sep 2010 13:28:43 +0000

I am very proud to announce that two of our clients, African Sun and Econet won the first annual investing in Zimbabwe’s future Corporate Social Responsibility Awards launched by the US Embassy and the American Business Association of Zimbabwe. The full details appear below:-

September 29, 2010

U.S. Ambassador Charles A. Ray and Fred Mutanda, Chairman of the American Business Association of Zimbabwe (ABAZ), today announced the winners of the first annual “Investing in Zimbabwe’s Future” Corporate Social Responsibility (CSR) Awards: Econet and African Sun Zimbabwe Limited.

The “Investing in Zimbabwe’s Future” Corporate Social Responsibility Awards are being launched for the first time this year by the U.S. Embassy and the American Business Association of Zimbabwe (ABAZ). The awards will be given at the ABAZ Just Business Forum closing reception at the Celebration Centre September 29. Intended to be an annual recognition of outstanding displays of corporate social responsibility, the Investing in Zimbabwe’s Future award winners are selected by a group of ABAZ board members and U.S. Embassy officials. Criteria for selection includes demonstrated commitment, including leadership and resources, to improving the lives of the future generation of Zimbabwe and concrete efforts to open education and job opportunities for young Zimbabweans.

Econet and African Sun Zimbabwe Limited continued investing in Zimbabwe’s youth by supporting young, gifted but economically disadvantaged Zimbabweans as they work to build their educational and professional capacity. This support, for example, enabled nine disadvantaged Zimbabwean students to travel to the United States for tertiary education. The nine students were among the 23 students who were awarded scholarships by American colleges and universities to pursue degree programs after undergoing the United States Student Achievers Program (USAP) in 2009-2010. Their scholarships in the U.S. cover full board and tuition for four-year degree programs.

Leading telecommunications service provider Econet Wireless Ltd donated US$20,000 to six USAP students on their way to the U.S. to begin studies this September. The funding covered various urgent needs including university fees shortfalls and personal expenses for Hazel Zengeni – MIT; Rudo Mudzi – Mt. Holyoke College; Tracy Lukwani – Mt. Holyoke College; Desmond Rgwaringesu – Reed College; Elvis Rambanapasi – Quinnipiac College; and Tinashe Mubvuma – Swarthmore College. All six students are previous beneficiaries of the Joshua Mqabuko Nkomo Scholarship fund, a Pan-African scholarship fund to which Econet is the main benefactor.

Leading hotel and leisure group African Sun Limited donated U.S.$7,500 worth of airline tickets for three USAP students to travel to the U.S. The students are Tendai Mudyiwa – Kalamazoo College; Norman Chamusa — College of Wooster; and Chido Matara — Berea College.

Ambassador Ray encouraged other corporate interests similarly to contribute to building a better future for Zimbabwe’s young people. “It is our hope that through more public-private partnerships like these, Zimbabwe will build a much better future where young people have many education and employment opportunities to choose from. This will take hard work and the private sector must be fully engaged. Through these CSR awards, we are very proud to recognize the dedication of certain companies to create a better future for all the people of Zimbabwe, and especially for young people.”

The American Business Association of Zimbabwe (ABAZ) is the collective voice of U.S. business and investment in Zimbabwe. It serves as both a forum and representative body for U.S. business and Zimbabwean/American business interests to encourage a better understanding of the role of business in a competitive market system. The 2010 Just Business Forum seeks to make a significant contribution to debate on economic policy in Zimbabwe and the development business-friendly economic policies contributing to economic recovery and growth.

Comments and queries should be addressed to Sharon Hudson-Dean, Public Affairs Officer. E-mail: hararepas@state.gov Tel. +263 4 758800-1, Fax: 758802.

Saying well done to Africa’s markets

AfricanisCool — Tue, 28 Sep 2010 05:53:56 +0000

This article was posted on SEP 21, 2010 by ■ Gibril Koroma and outlines the results of the recent Africa Investor Awards. Not enough of this sort of stuff goes on in African markets. It’s because it has to be justified commercially to those that undertake it. There is obviously critical mass at the pan-African level but not in specific country levels. This is an opportunity for regulators to engage third party consultants to carry out appraisals in recognising excellence in whatever fields they chose from year to year. An opportunity to be progressive.

New York – Africa investor, a leading international investment research and communications group, has announced the winners of the 2010 Africa investor Index Series Awards. The awards were held at an exclusive, invitation-only gala ceremony on the trading floor of the New York Stock Exchange.

The Africa investor Index Series Awards are the only international, pan-African awards that recognise and reward Africa’s institutional investors, stock exchanges, best-performing listed companies, stockbrokers and capital market regulators.

This year’s winners, according to the Ai statement, were a mixed but uniformly respected and high-achieving group of leaders in their respective fields. CEOs from all of the Africa investor-tracked indices were recognised, including Othman Bejelloun from Banque Marocaine du Commerce Exterieur as Africa investor 100 CEO of the Year; Africa investor 40 CEO of the Year saw Arnold Ekpe, CEO of Ecobank Transnational, take the award; Africa investor SRI 50 CEO of the Year went to Linus Gitghi of Nation Media Group; while Martin Oduor-Otieno of Kenya Commercial Bank was recognised as Africa investor SRI 30 CEO of the Year.

Africa’s leading listed companies from the Africa investor-tracked indices were also hailed as Best Performing Africa investor 100 Company went to Ghana Commercial Bank; Best Performing Africa investor 40 Company was awarded to Equity Bank Kenya; and Best Performing Africa investor Sri30 Company was given to another Kenyan company, Safaricom. Zambia Sugar walked away with Best Performing Africa investor SRI 50 Company.

Africa’s stock exchanges were not to be outdone as Most Innovative African Stock Exchange went to the Ghana Stock Exchange (GSE) and Most Innovative Capital Markets Regulator was awarded to the Financial Services Commission of Mauritius.

Other categories saw Coronation Africa Fund recognised as Best Africa Fund Manager; Best Africa Investment Bank went to Renaissance Investment Bank; Standard Bank was honoured for the Best Africa Research Team and Best African IPO was given to Juhayna Food Industries Egypt. Auerbach Grayson took Best Performing Broker in Africa and, finally, Best Risk Adjusted Performance by an African/South African Hedge Fund was given to Scipion Capital.

Commenting on the awards Hubert Danso, Vice Chairman and Managing Director, Africa investor said, “Profiling African capital market success stories through the Africa investor Index Series Awards is vital to raising awareness about the activities and developments of Africa’s capital markets and listed companies, and the increasing quality and quantity of entries received this year goes far in proving that Africa’s growing appeal to the global investment community is at a tipping point.”

The Ai Index Series Awards ceremony coincides with the annual Africa investor Index Series Summit held in association with NYSE Euronext. The Summit brings together international investors, African CEOs, pension funds and capital market professionals to explore investment partnerships in African listed equities.

Both the Africa investor Index Series Summit and Awards represent an unprecedented opportunity for international investors and African capital market leaders to explore investment partnerships at the New York Stock Exchange. Africa investor would like to thank its sponsors and partners, including:

Summit partners and sponsors include: Ecobank, NYSE Euronext, Thomson Reuters, Standard Bank, CNBC, the African Development Bank, CI Capital, Label Vie, the African Securities Exchanges Association (ASEA), the United Nations Office for Partnerships and the NEPAD Business Group.

The following are Africa investor Index Series Awards Winners 2010:

Africa investor 100 CEO of the Year- Othman Bejelloun, Banque Marocaine du Commerce Exterieur

Africa investor 40 CEO of the Year Arnold Ekpe – Ecobank Transnational

Africa investor SRI 50 CEO of the Year

Linus Gitghi – Nation Media Group

Africa investor SRI 30 CEO of the Year Martin Oduor – Otieno – Kenya Commercial Bank

Best Africa Fund Manager- Coronation Africa Fund

Best Africa Investment Bank- Renaissance Bank Investment Bank

Best Africa Research Team- Standard Bank

Best African IPO- Juhayna Food Industries Egypt

Best Performing Broker in Africa -Auerbach Grayson

Best Performing Africa investor 100 Company- Ghana Commercial Bank

Best Performing Africa investor 40 Company- Equity Bank Kenya

Best Performing Africa investor Sri30 Company- Safaricom

Best Performing Africa investor Sri50 Company- Zambia Sugar

Most Innovative African Stock Exchange- Ghana Stock Exchange (GSE)

Most Innovative Capital Markets -Regulator Financial Services Commission Mauritius

Best Risk Adjusted Performance by an African/South African Hedge Fund-RMB Asset Management (Pty) Ltd

Othman Bejelloum, one of Africa’s richest bankers (his personal fortune is estimated at 665 million Euros), was born in 1931 and attended the prestigious Ecole Polytechnique Federale de Lausanne (EPFL) , one of the best schools in the world. In 2008 he was voted Arab Banker of the Year (see video).

IR Society Best Practice Awards – Shortlist

AfricanisCool — Wed, 03 Feb 2010 09:34:39 +0000

The Investor Relations Society announced some time back the companies short listed for its Best Practice Awards. These awards recognise those companies that lead the way in the practice of investor communication. We have added in the links to the relevant corporate websites for your ease of use – the Investor Relations Society must have overlooked this – naughty, naughty. The final awards were made and here is a link to them, but the purpose of this post is to provide easily accessible precedent material to those that may be interested.

The short listed companies for each award are, in alphabetical order:

Best communication of strategy, performance and KPIs in the annual report
Best communication of governance and risk in the annual report
Best communication of corporate responsibility in the annual report
- Aviva
- BASF
- Rolls Royce
Most improved annual report
Best-practice corporate website 2009FTSE 100
FTSE 250
Small Cap & AIM
International
- Aegon
- BASF
- Swedish Match
Award for the most effective overall Annual Report (printed and online)FTSE 100
FTSE 250
Small Cap and AIM
International
- BASF
- Daimler
- Hannover Re

The winners of the awards were announced at the Society’s Annual Awards Dinner on 26 November 2009 at the Royal Hospital Gardens Chelsea. Click here to see the final results.

The Investor Relations Society represents members working for public companies to develop effective two way communication with the markets and create a level playing field for all investors. It has nearly 600 members drawn both from the UK and overseas, including the majority of the FTSE 100 and much of the FTSE 250.

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