Côte d’Ivoire joins the growing list of ATI’s new member countries

Côte d’Ivoire joins the growin…

Tuesday, 25 April 2017 07:42

The African Trade Insurance Agency (ATI) announced that Côte d’Ivoire has joined a growing list of African countries who are...

AfDB authorises thorough investigations on Sendou Coal Fired power plant

AfDB authorises thorough inves…

Monday, 24 April 2017 07:33

The Board of Directors of the African Development Bank Group (AfDB) has approved the eligibility assessment for compliance review of...

African Review weekly digest - 17th - 21st April

African Review weekly digest -…

Monday, 24 April 2017 04:00

Here is a brief overview of the week's new on African Review , from 17 - 21 April 2017

Financial risk interview with Senior Advisor of The Currency Exchange Fund

Financial risk interview with …

Friday, 21 April 2017 07:57

“The solar off-grid grid space is fascinating. Like telecom, it is an example where development and private interests are fully...

Solar energy gets a 400 MW boost in Egypt

Solar energy gets a 400 MW boo…

Friday, 21 April 2017 07:25

A new purchase power agreement will deliver 400 MW of electricity to Egypt, replacing about 350,000 tons of carbon emissions The...

Abuja Airport reopens early

Abuja Airport reopens early

Thursday, 20 April 2017 07:32

The airport in Abuja, Nigeria, has reopened after being closed for six weeks for urgent repairs to its runway

Cross-border power can help Africa overcome low electricity supply rates

Cross-border power can help Af…

Thursday, 20 April 2017 07:28

With the recent announcement of an ambitious power project to connect Cape Town and Cairo within the next three years,...

60 years of BOMAG: The success story continues

60 years of BOMAG: The success…

Thursday, 20 April 2017 07:12

BOMAG GmbH, the specialist in road construction, asphalt and soil compaction, is celebrating its 60th anniversary this year

Trimble introduces the next generation of grade control for excavators and dozers

Trimble introduces the next ge…

Wednesday, 19 April 2017 07:21

Trimble Earthworks grade control platform transforms machine control with integrated 3D aftermarket excavator automatics

Lesotho’s diamond mining ambitions are on the up once again

Lesotho’s diamond mining ambit…

Wednesday, 19 April 2017 07:17

At the Liqhobong mine recently, operator Firestone Diamonds announced its largest gemstone find yet, sparking optimism that there could be...

Konecranes and Demag join forces

Konecranes and Demag join forc…

Tuesday, 18 April 2017 07:39

Following the finalisation of the Konecranes’ worldwide acquisition of Terex MHPS, which in effect is Demag Cranes, Hoists, Material Handling...

Gambia welcomes UNCTAD’s recommendations to improve the investment climate

Gambia welcomes UNCTAD’s recom…

Tuesday, 18 April 2017 07:29

High-level government officials, private sector representatives, and development partners participated in the presentation of UNCTAD's Investment Policy Review of the...

Nexus Gold announce Phase 2 drilling underway at Niangouela, Burkina Faso

Nexus Gold announce Phase 2 dr…

Tuesday, 18 April 2017 07:02

Nexus Gold Corp has announced the completion of its phase one diamond drill program at the 178-square kilometer Niangouela exploration...

Faymonville group has acquired Industrie Cometto S.p.A

Faymonville group has acquired…

Friday, 14 April 2017 07:52

Faymonville, the manufacturer of semi-trailers for the special haulage industry reached an agreement last month to acquire a 100 per...

Ivanplats begin construction for Shaft 2 at the Platreef platinum-group metals, nickel, copper and gold mine in South Africa

Ivanplats begin construction f…

Thursday, 13 April 2017 07:28

Shaft 2 to be Platreef's main production shaft with a hoisting capacity of six million tonnes a year

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

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