Stanbic�s boost for liquidity-strapped businesses

Elvis-Ncaagae
Elvis-Ncaagae

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.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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