Kingdom Finance unveils specific project products

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Kingdom Finance, a subsidiary of Kingdom Bank Africa Limited, has crafted a number of new products targeted at Small and Medium businesses, particularly those in the construction industry.

Speaking at a breakfast meeting in Phakalane on Tuesday, the Managing Director of Kingdom Finance, Stan Paraffin, said they have decided to come up with products to finance contractors and sub-contractors after noticing a gap in the market, especially for small businesses.

"We realised that it is very easy for these small companies to win tenders but very difficult for them to get the finance to carry out their projects," Paraffin said. "The construction industry is growing at a fast pace in Botswana. That is why we have decided to cater for this market."

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