Banks� lending to business quickens

Addressing the media in Gaborone this week, governor Moses Pelaelo said even though overall credit growth has been declining, lending to businesses, excluding parastatals, is increasing at a higher rate.

“Business credit growth stood at 9.3% in April 2017 compared to 3.9% in April 2016. It is projected that domestic non-mining output will be below trend in the near term, constrained by continued modest growth of household incomes and restrained economic expansion in major trading partners,” he said.