Sterling Bank Plc has emerged the most agile company in Africa. It won the Agility Award for Africa at the 2018 World Agility Forum, an award given to organizations who through exemplary applications of agile processes have become game changers in their respective industries.
The World Agility Forum is a global programme where individuals and organizations are recognized for their efforts and commitment towards achieving agility through initiatives such as saving millions in project budgets, reducing production costs and applying processes that bring more value to customers.
In a statement released in Lagos at the weekend, the award organizers said Sterling Bank clinched the Agility Award for Africa due to its streamlined focus in applying agile principles which have resulted in outstanding results for their employees and customers.
Commenting on the award, Yemi Odubiyi, Executive Director, Corporate and Investment banking, Sterling Bank said the bank had to re-align its corporate culture to achieve agility. “The first thing we realized when we decided to adopt agile is that the traditional corporate hierarchy poses an impediment to agility. Organizations, especially in Africa looking to significantly improve their processes and results, need to consider adjusting their corporate culture,” Odubiyi revealed.
Hugo Lourenzo, founder of the World Agility Forum, said his dream is for companies to accelerate their evolution by truly empowering their people and focusing on what really matters through agility.
Sterling Bank is the first organization in Africa to have clinched this award.