Ovamba Cameroon Solutions, an online African funding and logistics services provider for MSMEs (micro small and medium sized businesses), has been short listed by African Banker magazine in its annual awards program for Innovation in Banking. Now in their 10th year, the awards are open to all African financial institutions, including banks, micro-financiers, investment banks, development finance institutions and other financial services institutions.
Viola Llewellyn, Co-Founder and COO of Ovamba, said “We are thrilled to have been short listed for such a prestigious award as the African Banker Awards. These awards were launched to reflect the rapid growth and modernization of the banking and financial services sector in Africa –something which Ovamba has experienced first-hand”.
Llewellyn continued, “Ovamba’s technology was created to serve the un-served and underserved of Africa, 84% of the 1.1bn people on the African Continent who are unable to access capital to finance their business. Innovation has been a key driver for Ovamba in this era of tech-enabled financial solutions .Having started the company only three years ago the demand has been such that we are now expanding into Nigeria and South Africa.”
Ovamba is short listed alongside: Bidvest and Mastercard, South Africa; Equity Bank Kenya, Guaranty Trust Bank, Nigeria and Mauritius Commercial Bank Mauritius.
The final winner for each category will be decided by an independent panel of judges and announced at the Awards ceremony on the 25th May at the Inter-continental Hotel, Lusaka, Zambia during the African Development Bank’s annual meetings.
Ovamba is an online African funding and logistics services provider in Cameroon. Set up in 2013 by Co-Founders Viola Llewellyn and Marvin Cole.Ovamba was created to meet the market demand for business finance in Cameroon by bridging the divide between MSMEs and institutions.MSMEs comprise over 90% of Africa’s economic fabric yet only c.30% of its GDP, largely due to severely limited access to capital:there is currently estimated to be a $368 billion small business credit gap across Africa.
Rose Schreiber, Hawthorn
Tel: +44 (0) 20 3745 4971
Morgan Mixon, Hawthorn
Tel: +44 (0) 20 3745 4963
Adeline Sede, Ovamba