Businesses credit growth jumps
Friday, November 14, 2014
According to figures released by Bank of Botswana this week, business credit growth rose from 10.4 percent to 17 percent in August driven by resident businesses, which went up by P591 million. In the period, household credit growth declined to 12.5 percent in August from 17.3 percent in the previous month. In value terms, household credit fell by P176 million. Despite the softening of households credit growth, individuals still hold the largest share (55.6 percent) of the P43 billion credit extended by commercial banks to both businesses and households.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...