CEDA Awarded Best Performing DFI for the second year running at the Association of African Development Finance Institutions (AADFI)

MEDIA RELEASE

CEDA Awarded Best Performing DFI for the second year running at the Association of African Development Finance Institutions (AADFI)

Citizen Entrepreneurial Development Agency (CEDA) Chief Executive Officer, Mr. Thabo Thamane accepted the award in Abidjan, Ivory Coast, after the Agency was placed among The Best Performing African DFI's in the Association of African Development Finance (AADFI) for the second year running. CEDA received an 'A' rating in the fourth Peer Review of the Association of African Development Finance Institutions where other institutions submitted their assessments for consideration.

The AADFI rating system is designed to assist Development Finance Institutions who have membership in AADFI to rate themselves in the three areas of Governance Guidance, Financial Prudential Standards and Operational Guidelines. Among the DFI's that had submitted assessments in the three ratings criteria, CEDA scored an aggregate of 82% and was ranked an aggregate of 'A'. This award means that CEDA has produced the best results in its Corporate Governance, Financial Prudence and Operational Standards, proving that CEDA continues to implement robust strategies in being a leading development financier against its peers.

To receive the award, the CEDA Chief Executive Officer Mr Thabo Thamane attended the ceremony in Abidjan, accompanied by the best performing CEDA employee in the 2013/14 financial year performance appraisal, Mr Edward Magosi, who is the Client Service Centre Manager based in Maun. In accepting the award at the ceremony, Mr. Thamane said, “accolades such as these make me very proud of my team and go a long way in recognising their efforts. Through hard work, discipline and the constant quest for excellence we are able to achieve awards such as these for the second year running and many years to come.”

For further details regarding the above information please contact:

Leatile G. Bakwena

Communications Manager

Tel; +267 3991084

Cell: +267 72323286

Email: lbakwena@ceda.co.bw