By Mackie M. Jalloh
Sierra Leone’s banking sector has taken a significant leap forward with the recent appointment of Dr. Walton Ekundayo Gilpin, Managing Director of Rokel Commercial Bank, as Vice President II of the West African Bankers Association (WABA). This development marks a pivotal moment, not just for Dr. Gilpin, but for Sierra Leone as a whole, as the country positions itself to play a more influential role in the sub-regional financial landscape.
Dr. Gilpin’s elevation to this critical position comes at a time when WABA is navigating a period of significant transformation, marked by the integration of Environmental, Social, and Governance (ESG) principles, sustainability, and digital transformation into the core of its operations. His deep expertise and forward-thinking approach will be instrumental in steering the association through these complex challenges.
Speaking at the twin event hosted at the Freetown International Conference Centre, Dr. Gilpin highlighted the urgency of embracing these new paradigms. He stressed that the banking sector must move beyond traditional roles, adopting innovative strategies that support smaller businesses and drive regional growth. His vision for a banking system that is not confined to “air-conditioned offices with coat and tie” resonates with the need for a more inclusive financial environment.
The election of Dr. Gilpin follows Senegal’s recent withdrawal from WABA, creating a leadership vacancy that was swiftly filled by the Sierra Leonean banker. Nominated by key figures including WABA Vice President I, Dele Alabi from Nigeria, and supported by former Secretary Generals, Alie Ceesay from the Gambia and Hanson Abosi from Nigeria, Dr. Gilpin’s new role signifies a vote of confidence in his ability to contribute to the association’s ambitious goals.
As WABA aims to become the most impactful bankers’ association on the continent by 2030, Dr. Gilpin’s role will be crucial in driving initiatives that enhance cross-border banking operations, integrate international financial reporting standards, and promote risk management technology adoption. His leadership is expected to fortify Sierra Leone’s position within the sub-regional banking community and support broader ECOWAS projects, including the establishment of a single currency in West Africa.
The event also drew the attention of prominent figures such as Sierra Leone’s Deputy Minister of Finance, Kadiatu Allie, Central Bank Governor Dr. Ibrahim Steven, and other key players in the West African financial sector. Their presence underscores the significance of Dr. Gilpin’s new role and the broader impact it could have on Sierra Leone’s economic future.
Dr. Gilpin, known for his philanthropic endeavours and his commitment to supporting various charitable causes, has proven that leadership in finance can be both strategic and compassionate. His new position within WABA offers a unique opportunity for Sierra Leone to influence the direction of banking in West Africa, ensuring that the country’s voice is heard in the shaping of the region’s financial future.
