Advertisement

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.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up