Businesses struggle to repay bank loans
Wednesday, August 06, 2014
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 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...