The board of Afristrat, formerly Ecsponent, believes the order placing FirstCred under judicial management will further negatively impact its liquidity. Moneyweb companynews
There has been a new twist to the P50 million investment made by financially-embattled JSE-listed financial services company Afristrat into Botswana-based micro-finance institution FirstCred Limited.
“The funds were primarily raised from AS Mintos Market Place and from a listed bond on the Botswana Stock Exchange whose investors included ALCB Fund managed by Lions Head and Ecsponent Limited [now Afristrat Investment Holdings Limited].
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