Household borrowing slows down
Tuesday, March 10, 2015
Figures released by the Bank of Botswana (BoB) indicate that annual credit growth in the household sector more than halved last year, decelerating from 24.2 percent in 2013 to 9.4 percent.
This was attributable to a significant decrease in mortgage lending growth from 40.1 percent to 18.4 percent and a steep fall in the growth of personal loans from 19.6 percent to 5.3 percent between 2013 and 2014. While the weakening personal loans uptake reflects slower growth in real incomes, the slow down in mortgage lending appears to be consistent with other indications that the market for residential property is weakening particularly for the high-value properties.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...