Businesses struggle to repay bank loans
Wednesday, August 06, 2014
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Bank of Botswana (BoB) figures show total arrears as a proportion of outstanding bank credit increased from 4.5 percent at the end of the fourth quarter of 2013 to 5.2 percent as at end of March 2014.
“This increase is attributable to a large increase in arrears on credit to firms, while arrears on credit to households decreased. The increase in arrears on credit to firms is alarming as it indicates a further deterioration in business conditions,” reads a second quarter economic review report from Econsult.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...