From health crisis to bank crisis

But back in the capital Gaborone, the city is a gloomy picture. The clicking sound has become the norm and character of the day as bankers hit the keyboards, huffing and puffing, trying to harvest any of the remaining breadcrumbs on relief packages announced by government and leftovers from the pandemic. Are we moving from a health crisis to a bank crisis?

The move by the Bank of Botswana to cut interest rates by 50 basis points from 4.75 percent to 4.25 percent to stimulate domestic demand has seen banks across the banking sector following suit decreasing their prime rates.