Banks continue to tighten screws
Friday, November 27, 2015
Earlier this year, BoB released P 2. 3 bn into the market
This has compelled banks to think of more innovative ideas in order to stay afloat and most importantly shift focus.
Lending rates have drastically gone down in the past two years. Laws and regulations, coupled with the economic situation, have also not made the already suppressed margins better.
That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...