Financing Archives - Gambeta News

HOW TANZANIA CAN BENEFIT FROM CONSTRUCTION FINANCING IN THE INDUSTRY

Posted on August 18, 2020 by Gambeta News

The rapid rise in construction activities in Tanzania is surely a wonderful site to behold as the nation infrastructural development has increased. In the space of six months, a robust growth has being witnessed in Tanzania’s construction industry which has a ripple effects that trickle down to the ordinary citizen. Deputy minister for Works, Transport and Communication, Elias Kwandikwa in a press briefing said growth in construction financing has a direct impact on individual citizens,…

STAGES OF FINANCING IN BUSINESS (STARTUPS)

Posted on April 3, 2019June 12, 2020 by Gambeta News

The Stages of Startup Funding There are several stages of financing in business. Businesses especially startups raise capital for various levels and types of business operations through series or multiple rounds of financing and funding. These funding rounds or stages includes Pre-seed capital and seed capital, Series A, B, and C funding rounds. The Pre-seed capital and seed capital stages of financing in business represent funding in the early stages of business; While Series A,…

STERLING BANK SIGNS US$65 billion LOAN DEAL WITH BADEA

Posted on February 21, 2019 by Gambeta News

Sterling Bank and The Arab Bank for Economic Development in Africa (BADEA) signs US$65 billion deal Nigerian Bank, Sterling Bank have signed a deal to receive a US$65 billion loan facility from The Arab Bank for Economic Development in Africa (BADEA). According to Sterling Bank’s Executive Director, Corporate & Investment Banking Mr. Yemi Odubiyi, the US$65 billion loan will come in two batches, US$15bn and US$50bn. Firstly, the US$15bn will be for financing private sector projects through on-lending to customers; while…