NewHayven Merchant Bank (NHMB), has organised, collateralised, and secured financing for Sure Gig Inc., a 100% Guyanese woman-owned workforce management and logistics firm. According to a press release issued by Tagman Media, the funding is an important step in increasing Sure Gig’s presence and capabilities in Guyana’s emerging economy.
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New Hayven Merchant Bank has facilitated a US$25 million financing facility for Vreed-en-Hoop Shorebase Inc. (VEHSI). Collaborating closely with an external financial entity, New Hayven Merchant Bank said it led the structuring and deployment of the arrangement, tailored specifically to meet the unique requirements of VEHSI’s project.
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New Hayven Merchant Bank, a prominent Guyanese-owned financial institution, is set to inject vital capital into the local economy through a US$15 million funding initiative from the African Import-Export (Afriexim) Bank.
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Guyana-headquartered New Hayven Merchant Bank yesterday signed a Memorandum of Understanding (MoU) with the African Export Import Bank (Afreximbank) in Accra, Ghana, where among other facilities, it will provide a multi-million dollar credit line to investors in the region.
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In Guyana’s inaugural offshore licensing round, Sispro Inc. stands out as the only Guyanese company among the bidders. Located in South Cummingsburg, Georgetown, this indigenous start-up is a stand-out. So, who are the locals behind it?
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Nearly 30 years after the first merchant bank was licenced in Guyana, the New Hayven merchant bank has been launched with the promise to help small businesses secure much-needed finance and to aid the country’s transformation agenda. The licence was granted to the United States (US) based Guyanese, Floyd Haynes, who has served on Guyana’s local content advisory panel and leads the cost recovery audit team for ExxonMobil’s activities in the prolific Stabroek Block. At the launch of the bank on Thursday night, Haynes said that new financing and new financing services are needed as Guyana develop
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The Discovery of Oil in Guyana’s Atlantic Basin in 2015 has ushered in a new era of unparalleled business opportunities. One of the salient features of this new business environment is the ever increasing demand for project and other related forms of financing including equipment financing, factoring and accounts receivable financing.
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A new merchant bank was Thursday night formally launched with the aim of injecting start-up capital into business ventures that have the potential to expand, grow and transform as well as search for soft loans for government, officials said.
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