Excellence in leadership in Africa 2020: Citi
Awards for Excellence 2020
“This pandemic will change a lot of things in terms of how people approach crises in the future,” Martin Mugambi, Citi’s chief executive for Kenya and east Africa, tells Euromoney.
The US bank’s approach has been both responsive – working with central banks across the continent to offer loan extensions and restructurings to its clients – and proactive – looking for longer-term solutions to support Africa’s economic recovery.
The bank has a history of building long-term relationships with finance ministers, central banks, corporate clients, multilateral agencies and NGOs, according to Nicole Curtin, Citi’s public affairs head for west and central Africa.
“These partnerships combined with Citi’s global network have proved invaluable in this time of crisis,” she says. “We were able to quickly remodel operations to ensure the safety of our staff and provide adapted financial solutions to our public- and private-sector clients.”
The Citi Foundation committed $2.3 million in charitable contributions to governments and NGOs for Covid-19 emergency health support across 16 African countries, while continuing to provide critical payment services for international agencies operating in conflict zones, including payroll.