NBFIRA To Crack Whip On Errant Microlenders

The Non-Banking Financial Regulatory Authority (NBFIRA) has urged microlenders to register with them and vowed to take action against those who continue to operate without licenses.

Speaking to Monitor Business, NBFIRA Communications Manager, Tapologo Kwapa said that they continue to encounter cases where some businesses operate without licenses.

Kwapa advised the errant operators to register their businesses either as pawnshops or microlenders noting that failure to do so will result in closure of their businesses.

Editor's Comment
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

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