Cries of the SMEs as economy tightens
Friday, October 31, 2025 | 110 Views |
Trying times: SMEs are during a difficult period due to the economic constraints PIC: MORERI SEJAKGOMO
On Wednesday, Absa Bank Botswana managing director, Keabetswe Pheko-Moshagane, reminded a gathering in Gaborone about the stark reality facing many Small to Medium Enterprises, especially those in their nascent stages.
According to the prominent banker, the failure rate amongst SMEs in the country remains at over 80%, with 60% failing within the first 18 months.
The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...