NAIROBI, Kenya, Sep 30 – Kenya Commercial Bank (KCB) Group Chief Executive Officer Martin Oduor-Otieno has won an international award in recognition of his contribution towards development of banking sector in East African region.
The Africa Investor, a leading international investment research and communications group, named Mr Oduor-Otieno, 54, as the Africa Investor SRI 30 CEO of the Year.
The award recognises the CEO’s efforts in implementing Socially Responsible Investment (SRI) Index Series which seeks to engage investors and business in support of the United Nations Millennium Development Goals (MDGs) in Africa.
He was among other internationally-respected winners of the 2010 Africa investor Index Series Awards, which were held at the trading floor of the New York Stock Exchange (NYSE).
Linus Gitahi, The Nation Media Group Chief Executive Officer was named the Africa investor SRI 50 CEO of the Year. In regard to corporate, Safaricom was named the Best Performing Africa investor SRI 30 Company while Equity Bank was named the Best Performing Africa investor 40 Company.
This year’s winners comprised respected and high-achieving group of leaders in their respective fields in which CEOs from all of the Africa investor-tracked indices were recognised.
“This award is a clear indication that KCB Group strategies and long-term vision are on the right track and echo our commitment to exceptional business practices, sustainable business management as well as innovative products and services for our investments in five African countries. In addition, the award emphasises responsibility towards society and good corporate citizenship through the KCB Foundation,” said Mr Oduor-Otieno.
Africa’s leading listed companies from the Africa investor-tracked indices were also hailed as the Best Performing Africa investor 100 Company went to Ghana Commercial Bank while Zambia Sugar scooped the Best Performing Africa investor SRI 50 Company award.
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.