CIB will represent Africa on the steering committee of the UN’s Net-Zero Banking Alliance, a group of 55 financial institutions set up earlier this year that aim to reduce emissions of their lending and investment portfolio, the bank has announced in a statement (pdf). The 12-member steering group will oversee decision-making and strategy for the alliance, which wants to reach net-zero emissions by 2050.

Matouk Bassiouny has been shortlisted for local and frontier advisor of the year in the 2021 Private Equity Africa Awards, it said in a press release (pdf). It has also been shortlisted for the single transaction advisor of the year for its work advising Alta Semper Capital, Tana Africa Capital, and Ezdehar Management.

The National Bank of Egypt and Banque Misr have been named two of the safest banks in Africa by Global Finance (pdf), coming in ninth and tenth place respectively in the list of 10 financial institutions.

The list was dominated by South African banks which took up five of the 10 spots, while the top three places went to Moroccan banks, with Attijariwafa Bank coming top of the list, Groupe Banque Centrale Populaire in second, and Bank of Africa in third.

The selection criteria was based on an evaluation of banks’ long-term foreign currency ratings from three credit rating firms, Moody’s, Standard & Poor’s and Fitch.