NBFIRA lacks capacity to regulate microlenders
Friday, May 23, 2014
Speaking during the credit overview workshop recently, Econsult Economist Bogolo Kenewendo said Batswana are highly indebted with leading debts being personal loans and they can even go to an extent of taking a third loan in order to repay the existing loan but this is happening because of lack of proper regulation.
She said Bank of Botswana (BoB) has recently attempted to control the situation as it has urged banks to monitor the purpose of loans when people apply.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...