Credit growth declines in June

The year-on-year growth in commercial banks' credit in June was 17.5 percent, down 3.1 percent from 20.6 in May, the Bank of Botswana (BoB) has reported.

BoB says although the overall rate of growth has declined by 3.1 percent, it is still 3.5 percent above the upper end of the Bank of Botswana's target range for credit growth of 11 to 14 percent.

The overall reduction in credit growth was attributable to the decline in the rate of growth in credit extended to the business sector, which slowed to 16.5 percent from 28.3 percent in May.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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