Bridging Finance And Innovation To Advance A Green Revolution In Africa
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and capital appreciation from its equity investments. Forward-Looking Statements This press release may contain certain forward-looking statements, including statements with regard to the future performance of the company. Words such as “believes,” “expects,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements.
Siena Lending Group Closes Credit Facility With Wells Fargo Capital Finance
Visit us at http://www.sienalending.com . About WellsFargo Capital Finance Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance to companies across the United States and internationally. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting and others. For more information, visit wellsfargocapitalfinance.com .
Multimedia: Who is Zimbabwe’s next Finance minister?
August 8, 2013 in Business , General Business ZIMBABWES Finance Ministry restored its role as the engine of the economy following the adoption of the multicurrency regime in 2009. Bernard Mpofu/Ndamu Sandu Before this, the Reserve Bank of Zimbabwe had assumed an ultra-ministerial role, directing economic policy at the height of the decade-long economic contraction. Ordinarily, anyone in charge of this key government portfolio faces scrutiny. So important is Treasury to Zimbabwes politics that Zanu PF credits the then acting Finance minister Patrick Chinamasa for introducing dollarisation in January 2009 to stem inflation, notwithstanding the bad policies that had triggered this unprecedented economic meltdown.
Nirsal has already helped to unlock additional investment: earlier this year, USAID and the Nigerian government each provided guarantees to increase private financing and leverage up to $100m in commercial lending. These innovative finance models will go a long way to replicate and scale many of the agricultural innovations already happening across the continent. The Dutch Agriculture Development and Trading Company, for example, developed a technology that brings a mobile cassava processing plant to villages and enables farmers in Mozambique to process their roots into cassava cakes that can be stored for up to two years opening new markets that were once limited because of root spoilage during transportation. In another example, The Rockefeller Foundation-supported Horn of Africa Risk Transfer for Adaptation project, an integrated risk management scheme developed by the Relief Society of Tigray and Oxfam America, helps Ethiopian farmers strengthen their food and income security through a combination of improved resource management, crop insurance, microcredit, and savings.