COMANSA cranes build a luxury residential complex in Nigeria

COMANSA cranes build a luxury residential complex in Nigeria

Friday, 21 September 2018 06:44

ITB Nigeri...

Masdar to deliver five-megawatt battery-storage solar plant in Seychelles

Masdar to deliver five-megawat…

Thursday, 20 September 2018 06:39

Abu Dhabi Future Energy Company (Masdar) is set to help the Public Utilities Corporation (PUC) in building a five-megawatt solar...

Western Cape dam levels remain stable

Western Cape dam levels remain…

Thursday, 20 September 2018 06:23

The Department of Water and Sanitation (DWS) in South Africa has provided an update on the Western Cape water situation,...

‘AfCFTA to spur Africa’s industrialisation and economic development’

‘AfCFTA to spur Africa’s indus…

Thursday, 20 September 2018 06:20

Countries can use the African Continental Free Trade Area (AfCFTA) tool to create opportunities for African businesses and through them...

AYO Technology expects rise in profit

AYO Technology expects rise in…

Wednesday, 19 September 2018 07:17

South Africa-based AYO Technology Solutions Limited, in an initial trading statement, said that it expected a significant increase in its...

ECA: Blue economy can be engine of Africa’s economic growth

ECA: Blue economy can be engin…

Wednesday, 19 September 2018 06:43

The Economic Commission for Africa (ECA) is supporting the African Union, Regional Economic Communities (RECs) and member States to ensure...

Aviation crucial for economic prosperity of Mauritius

Aviation crucial for economic …

Wednesday, 19 September 2018 06:17

The International Air Transport Association (IATA) called on the government of Mauritius to continue to focus on aviation as a...

AfDB and MCB launch African Domestic Bond Fund

AfDB and MCB launch African Do…

Tuesday, 18 September 2018 06:13

The African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF) ahead...

Arabsat and Newtec to launch satellite services in Middle East and Africa

Arabsat and Newtec to launch s…

Monday, 17 September 2018 06:30

Belgium-based Newtec, a specialist in designing, developing and manufacturing equipment and technologies for satellite communications, has signed a contract with...

Blockbank announces major banking partner during ICO

Blockbank announces major bank…

Friday, 14 September 2018 06:44

Blockbank has purchased stake in Spire bank and declared strategic FinTech partnership, as a means to provide international Crypto banking...

Sugar tariffs to provide relief against imports in South Africa

Sugar tariffs to provide relie…

Thursday, 13 September 2018 09:26

The recently endorsed International Trade and Administration Commission (ITAC) recommendation to adjust the sugar and increase import duty of US$680...

Orange invests in South African payment service Yoco

Orange invests in South Africa…

Thursday, 13 September 2018 08:05

Orange Digital Ventures Africa, the Orange Group’s venture capital investment fund for Africa, has made a second investment in one...

ITFC signs two financing agreements to support Egypt’s main sectors

ITFC signs two financing agree…

Thursday, 13 September 2018 06:02

The International Islamic Trade Finance Corporation (ITFC) has signed two new agreements with the Egyptian General Petroleum Corporation (EGPC) and...

Gas capital expenditure boost to fuel the energy transition: DNV GL

Gas capital expenditure boost …

Wednesday, 12 September 2018 10:10

Natural gas projects are expected to receive a significant investment boost over the coming years, which will enable gas to...

Congo’s RAWBANK signs the China-Africa Inter Bank Association establishment agreement

Congo’s RAWBANK signs the Chin…

Wednesday, 12 September 2018 06:44

About 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development...

‘Africa needs to develop a policy response to the digital economy’

‘Africa needs to develop a pol…

Tuesday, 11 September 2018 12:09

Dr Nimrod Zalk, industrial development advisor in the office of the director-general of the Department of Trade and Industry, has...

Ovamba wins African FinTech award

Marvin Cole FinTech Africa awards2Marvin Cole, Ovamba co-founded and president. (Image source: hawthorn advisors)Ovamba Cameroon Solutions has been recognised as the 'Best African Lending and Finance Company' of 2016 at last month's African FinTech Awards, held at the Sandton Convention Centre in Johannesburg, South Africa

The online African funding and logistics provider for small and medium-sized businesses scooped the honour and secured a top 15 spot in the African FinTech 100.

The awards were part of the largest exhibition and conference for finance professionals, Finance Indaba Africa. 

The winners for each category are determined by an independent panel of judges, which included investors and visionaries in the industry, as well as a popular vote that amounted for 25 per cent of the final score. The panel voted on innovation, customer sanctification, value, delivery and traction to decide the winners.

The judges said Ovamba provides a "much-needed service in West Africa" for small and medium-sized businesses, and is "solving a real problem that will enable Africa to grow and give opportunity to some seriously bright individuals and business ideas".

Watch out for the February issue of African Technical Review for more on the FinTech opportunity in Nigeria, Ethiopia and the DRC. 

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?