INVESTMENT & FINANCE
Our future lies in investment and financing. Investment and growth within the African continent will be our core focus moving forward. We will be working closely with African governments in growing their general infrastructure, and various projects associated with their growth.
Together we can build a better continent, a more prosperous Africa.
We will focus on the following key areas;
- Logistics - Including road and rail
- Ports - Building new and improving old
- Mining - Exploration and developing of mining
- Tourism - We will invest in tourism with creating a safe travel environment, airports and accommodation
- Agriculture - Agriculture plays a major role in economic growth and development. As the provider of food it is a cornerstone of human existence. As a furnisher of industrial raw materials it is an important contributor to economic activity in other sectors of the economy. We will assist governments with financing and man power
FINANCIAL INSTRUMENTS
A financial instrument is a real or virtual document representing a legal agreement involving any kind of monetary value. Financial instruments may be divided into two types: cash instruments and derivative instruments.
SBLC
A standby letter of credit, abbreviated as SBLC, refers to a legal document where a bank guarantees the payment of a specific amount of money to a seller if the buyer defaults on the agreement
LC
A letter of credit is a document sent from a bank or financial institute that guarantees that a seller will receive a buyer's payment on time and for the full amount. Letters of credit are often used within the international trade industry.
What is difference between LC and SBLC?
A Standby Letter of Credit is different from a Letter of Credit. An SBLC is paid when called on after conditions have not been fulfilled. However, a Letter of Credit is the guarantee of payment when certain specifications are met and documents received from the selling party.
DLC
Domestic letter of credit is served as instruction of guaranteed payment from the domestic buyer to seller. It is issued by the bank and acts as a promise of timely payment to the seller.
Is DLC the same as LC?
Letter of credit (Documentary Letter Of Credit (L/C, DLC) is the bank's obligation to pay the seller of goods or services a certain amount of money in the timely submission of documents confirming shipment of goods or performance of contractual services.