Peo to relax loan conditions as SMEs default

Wednesday, July 15, 2009

As the effects of recession take their toll on Botswana companies, 80 percent of Peo Venture Capital beneficiaries have experienced cash-flow problems and defaulted on their loan repayments, though they are still viable and profitable businesses.

Speaking in Phakalane near Gaborone on Tuesday, the Chairperson of Peo, Sheila Khama, said the global economic recession had led to shrinking markets for Peo beneficiaries, hence their working capital problems.

"Like most businesses, the Peo joint ventures have suffered from (a) weaker demand for goods and services as people are just not consuming as much as they used to," Khama said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Steering the ship: BSE CEO, Aupa Monyatsi PIC: MORERI SEJAKGOMO

BSE jumps P390bn in 9 months

Mbongeni Mguni | 1 h ago

Boko’s ‘no social contract’ words haunt UDC post-Sefhophe

staff writer | 1d ago

BDP embraces opposition unity after defeat

Tsaone Basimanebotlhe | 1d ago

BCP topples UDC in Sefhophe by-election

Tsaone Basimanebotlhe | 1d ago

Protect your families, don't hurt them – Soldiers told

Pini Bothoko | 1d ago

Tribunal sends Bona Life acquisition back for reconsideration

correspondent | 1d ago

Bokamoso asked to preserve CCTV in contractor labour abuse claims

Spira Tlhankane | 1d ago

Manual Workers punching way above its weight – Court

Spira Tlhankane | 1d ago

Exercise extra caution!

Unfortunately, petty thieves tend to be more vicious around this time as they also prepare for the festive season. Culturally, many Batswana go home for the holiday, and petty thieves are amongst those who go home. Burglaries, car break-ins, and attacks on unsuspecting pedestrians seem to be on the rise!That is not all, as scammers continue to take money from pensioners as well as other Batswana who may fall prey to their unscrupulous tactics....

The Monitor Editor | 20 October 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.