Stanbic bank sets sight on long term financing
Asset leasing in machinery and heavy-duty vehicles out the financial sector could quickly ease the burden of capital investments by struggling businesses. Stanbic Bank says it will deploy additional cash flow in billions of shillings towards enabling the entrepreneurs to acquire assets on a long term basis through leasing. Doreen Sendegeya, the Head of Vehicle & Asset Finance at Stanbic Bank, was speaking during a signing of a partnership on asset financing for the public with Cooper Motors Corporation, at which a new utility Ford Ranger Raptor was unveiled on the Ugandan market.