LBDI Wins African Dev. Bank Award -Georgia Legislative Assembly, Magazine Upbeat
According to the African Leadership Magazine which focuses on bringing the best of Africa to a global audience and tells the African story from an African perspective, “the award is in recognition of LBDI’s pioneering efforts in introducing and implementing innovative banking products which has assisted small businesses and contributed to the growth of the economy of Liberia.”
Also honoring LBDI for excellent performance in Africa is the Georgia Legislative Black Caucus Inc. which recounted how LBDI has been instrumental in the creation and expansion of economic development opportunities for Africans.
In a resolution signed by the Chair of the Caucus, Dee Dawkins-Higler, the Georgia General Assembly, amongst other things, described LBDI as a global player who’s established banking relationships and partnerships have identified it as a proven leader in the banking industry worldwide.
For his part, the publisher of the African Leadership Magazine, Dr. Ken Giami in brief remarks thanked LBDI for the milestone achievement in Liberia, a country, he stated struggling to rebuild its infrastructure following years of brutal civil war. Dr. Ken noted that LBDI’s consisted financing of development projects is going a long way in improving the lives and well-being of ordinary Liberians struggling to rebuild their lives.
LBDI Management picked up the award just few weeks before the Bank acceded to the peer review mechanism of the prudential standard guidelines and rating system (PSGRS) of the Association of All African Development Finance Institutions (AADFI).
The PSGRS mechanism will help LBDI to be rated among other development finance institutions (DFIs) in Africa.
The Chief Executive Officer (CEO) of LBDI Mr. John B. S. Davies, III, thanked the African Leadership Magazine for independently following the Bank’s performance in the country and awarding it for same. Mr. Davies also thanked the Georgia General Assembly for recognizing LBDI as a global player in banking. He said the awards will further serve as an encouragement for LBDI to perform better.
The LBDI CEO however noted that the Bank will not rely on its laurels, but will ensure that access to finance is available for the Liberian populace.
The African Leadership magazine is published by African Leadership (UK) Limited, a company registered in the United Kingdom.
The magazine focuses on bringing the best of Africa to a global audience, telling the African story from an African perspective; while evolving solutions to peculiar challenges being faced by the continent today.
Since its maiden edition in August 2008, African Leadership Magazine has grown to become a leading pan-African flagship leadership-focused publication read by over 240, 000 targeted international investors, business executives, government policy makers and multilateral agencies across Africa, the Middle East and Asia, Europe and the US.
It is distributed at major international and African Leadership events around the world. It is a niche and unbiased African voice born out of a desire to ameliorate the lot of Africans by focusing on individuals and corporate bodies that are known for their legacy-based approach to leadership.