Firms in Botswana are preparing for a rise in lending interest rates across domestic and international markets in the year to March 2026, coupled with an expected increase in borrowing volumes, according to the Bank of Botswana’s March 2025 Business Expectations Survey (BES). The survey, which sampled 100 businesses across 13 economic sectors, highlights a strategic push by firms to secure financing to capitalise on anticipated economic recovery, despite higher costs of credit.
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