Cut the red tape - Lefhoko tells LEA

FRANCISTOWN: The Assistant Minister of Trade and Industry, Duke Lefhoko, has appealed to financial institutions to cut the red tape and empower citizens.

Speaking at the official launch of the northern branch of the Local Enterprise Authority (LEA) at Thapama Hotel, Lefhoko called on the Citizen Enterpreneurial Development Agency (CEDA) and other financial institutions "to move faster in facilitating the financing of important to establishing new businesses and empowering existing ones".

Lefhoko singled out First National Bank of Botswana (FNBB) for leveraging, saying the bank's managers must use the "discretionary powers invested in them" to "ensure that financing of needy local businesses is fast-tracked".

Editor's Comment
Who watches the watchdog?

For a fact, in a democratic society such as Botswana, the media plays a crucial role of being watchdog, holding the powerful to account and exposing all possible wrongdoing for the benefit of the public.There has been a nagging question about who watches the watchdog after all? Perhaps, the investigations into alleged wrongful acts implicating those supposed to be playing the watchdog role will shed more light into what has happened such that the...

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