14th Nov 2014 08:32
LONDON (Alliance News) - Investment company GLI Finance Ltd said it has invested USD1.28 million for a 20% equity stake in Africa-focused peer-to-business investment platform, Ovamba Solutions Inc.
The company said that its Chief Executive Officer Geoff Miller will join Ovamba's board of directors.
Ovamba is a peer-to-business lending platform, which offers investors access to a platform where they can invest in short term loans made to small and medium sized African businesses that could potentially outperform other investment opportunities.
GLI Finance shares were trading 0.6% higher Friday morning at 58.60 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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