The Vice President, Slumber Tsogwane has implored the private sector to contribute more towards economic growth.
Quoting from President Masisi’s 1st April 2018 inauguration speech where the first citizen called for a ‘strengthened, consolidated and intensified partnership between the government and the private sector,’ the Vice President noted that it is the Government’s desire to see the private sector taking the reins in creating suitable economic growth and jobs for the nation.
Tsogwane was delivering a keynote address during the official opening of the First National Bank of Botswana (FNBB) Premium Suite in Orapa recently.
He appealed to commercial banks and financial institutions to orient their balance sheets away from household debt and move towards business lending and other forms of debt which can sustainably grow the economy.
“There needs to be an appetite for, and understanding of the unique needs and challenges of small businesses, and the youth,” he cautioned, talking of the re-balancing of the financial institution’s remodeling of their business strategies.