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Friday, 18 August 2017 06:10

The emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral...

EMC3 Chairman Baba Epega announces US$100mn project bringing motorsport to Nigeria

EMC3 Chairman Baba Epega annou…

Thursday, 17 August 2017 07:04

West Africa’s first motorsports racetrack and leisure park is set to be open in a US$100mn project

Angolan beverage plant gets approval for development

Angolan beverage plant gets ap…

Thursday, 17 August 2017 06:39

Grupo Sun Ocean Lda is a project in Angola’s beverage sector with capacity to produce, package and distribute juice, water...

Lagos slows as travel to Africa displays double-digit growth

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Wednesday, 16 August 2017 07:26

An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that...

IMF completes 2017 Article IV mission to Mauritius

IMF completes 2017 Article IV …

Wednesday, 16 August 2017 07:12

An International Monetary Fund (IMF) mission led by Amadou Sy visited Port Louis and Ebène during 31 July – 15...

US support industrialisation and regional value chains in Sub-Saharan Africa

US support industrialisation a…

Tuesday, 15 August 2017 07:46

AGOA is a unilateral Act of Congress that was introduced in 2000 to provide duty-free quota-free treatment for over 6000...

LUX implements 100 per cent renewable energy production project on Ile des Deux Cocos property

LUX implements 100 per cent re…

Tuesday, 15 August 2017 07:30

The 20kWp project’s state-of-the-art design and storage solution will allow for 11 hours of utilisation daily and fulfill self-sufficiency of...

Nigeria's private sector growth hits a two-year high

Nigeria's private sector growt…

Friday, 11 August 2017 06:56

According to Stanbic IBTC Bank, July’s PMI survey signaled the sharpest overall improvement of business conditions in the Nigerian private sector for two...

A.P. Moller Holding to manage new African infrastructure fund

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Friday, 11 August 2017 06:30

The new fund will focus on investments in infrastructure in Africa to support sustainable economic growth in the region while...

South African construction prices forecast to rise by 7.4 per cent in 2017

South African construction pri…

Thursday, 10 August 2017 06:07

MMQSMace, a leading South African cost consultancy business, and Stellenbosch University’s Bureau for Economic Research (BER) have forecast a South...

TuNur plans to export solar energy from Tunisia to EU

TuNur plans to export solar en…

Thursday, 10 August 2017 06:06

TuNur Ltd, the UK-based private energy company, has filed an application with the Tunisian Ministry of Energy, Mines and Renewable...

MTN partners with Fenix International to launch off-grid solar in Zambia

MTN partners with Fenix Intern…

Wednesday, 09 August 2017 07:02

MTN, Africa’s largest telecoms company, is extending its partnership with energy and financial services firm Fenix International to launch pay-to-own...

Asphalt plant reduces production costs

Asphalt plant reduces producti…

Wednesday, 09 August 2017 06:58

The use of asphalt is considered a key element for an effective road building process, contributing to economic savings as...

Cometto deliver steelwork transporter with new logo to South African business

Cometto deliver steelwork tran…

Wednesday, 09 August 2017 06:11

In the last few weeks, the first Cometto vehicles with the new logo have been delivered to the customers. The...

Earthport partner Access Bank to expand into Nigeria, enabling inbound payments

Earthport partner Access Bank …

Tuesday, 08 August 2017 06:31

Earthport, the leading payment network for cross-border transactions, has announced that it has partnered with Access Bank Plc, one of Africa's...

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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