Business

AFB signs $20m investment deal

AFRICAN Finance Business (AFB) has signed a US$20million investment deal with GEMCORP to help accelerate the company’s growth strategy into sub-Saharan Africa.
AFB is a financial business that provides innovative consumer and small and medium enterprise financial products while GEMCORP is an investment management firm with an emerging markets focus.
Currently, AFB operates in Zambia, Ghana, Kenya and Tanzania, and plans to expand into a number of other African countries by 2020 with innovative products and solutions designed to suit the needs of each market.

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