Legislator decries �unproductive� household debt

Kenewendo PIC: MORERI SEJAKGOMO
Kenewendo PIC: MORERI SEJAKGOMO

Household debt that is often for unproductive purposes is a worrisome phenomenon in the country, specially elected legislator, Bogolo Kenewendo said yesterday.

Speaking at the launch of a new financial literacy product by Liberty Life Botswana, dubbed ‘Mind My Money’, she said it is a great concern to government and partner entities that there is a notable increase in household indebtedness.

Kenewendo attributed this to living beyond means and wanting to fund lifestyles or projects that one cannot afford, and not utilising the appropriate financial instruments available in order to prepare for tomorrow today.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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