Bank Gaborone MD urges fresh thinking on liquidity

Speaking at the bank’s inaugural Insights and Impact roundtable, Makhupe said that whilst the Botswana Economic Transformation Programme (BETP) held promise for transformation, there was a need for stop-gap strategies whilst its results were awaited.

“Liquidity is the biggest risk that our economy faces right now because what it basically means is that if, as a corporate, you are trying to raise funding for expansion or to fund operations, you have to pay a rate between 25% and 30% and that's going to wipe you out,” she said. “We need to highlight the risk that the liquidity situation that we are facing as a country poses to the strength of our economy, and it calls upon all of us to think differently.”