Credit uptake drops among businesses
Friday, November 09, 2018
Bank of Botswana data released this week shows that while restrained, credit growth among resident businesses had been marginally rising from the beginning of the year, with total commercial bank loans outstanding to the sector reaching an annual peak of P28.8 billion in June.
In July, however, the outstanding loans slipped to P22.5 billion and in July, sank further to P22.4 billion. At this latest level, businesses accounted for just under 40% of total loans outstanding to commercial banks, compared to 60.2% for households (individual customers).
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...