Stanbic�s boost for liquidity-strapped businesses

Thursday, September 10, 2015

Businesses that have been struggling to acquire working capital from a variety of sources now have more options as Stanbic Bank Botswana has introduced invoice discounting and purchase order finance.

These are working capital solutions where one borrows money from the bank against future payments due on specific invoices.

Head of trade and public sector at Stanbic, Desma Elvis-Ncaagae said invoice discounting and purchase order finance are designed to unlock liquidity tied in one’s business accounts receivables.

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Stanbic�s boost for liquidity-strapped businesses

Businesses that have been struggling to acquire working capital from a variety of sources now have more options as Stanbic Bank Botswana has introduced invoice discounting and purchase order finance.

Court temporarily halts Mzwinila assets seizure

Access Bank Invests in student wellness at Bokamoso JSS

Clubs to share matchday costs with BFL

Ramogapi & Co should clear the Bonno confusion

Parly demonstrates steady progress in SONA sessions

Preparations for Soul Fill Up with Franco in full swing

BOMU, Film Association endorse incoming Arts Council CEO

Teenage girl ends life using school belt

Ramogapi & Co should clear the Bonno confusion