What is collateral?

Every industry has unique words, terms and phrases. In the financial world, you may have encountered the word “collateral” or “security” when you visit your bank for a loan; but what exactly does this mean and why do banks ask for collateral? “Collateral refers to something of meaningful financial value which you as a borrower…

MTC’s new project

The Mobile Telecommunications company MTC will erect ten new network towers and also upgrade the existing ones in both the Kavango East and West Regions, its Corporate Communications Practitioner, John Ekongo has said. He said this during the mobile giant’s “081 everyone” project road show held in Rundu recently. The ten new towers will be…