By OLIVER SAMBOKOBANKS and other lending institutions should phase out collateral requirements for Small and Medium Enterprises (SMEs) in order to grow the economy, the 3RD Liberation movement has suggested.Party president Enock Tonga said there was need for the country to come up with deliberate policies aimed at ensuring that SMEs were placed as integral part of economic growth.He said there was also need to review all Investment and lending policies and regulations for both home grown large and small medium sized enterprises and foreign investments to ascertain their purpose, design, effectiveness, efficiency and implementation.“Government policies should ensure that regulations on investment and lending are broadly focused and should be developed holistically to encompass all components of economic factors unlike seeking to cherry-pick areas of special interest for political aggrandizement,” he said.Mr Tonga said for any nation to attain economic freedom, the competitive global market entrepreneurial spirit should be promoted and encouraged.“Under the third-broader economic, […]
Relax lending conditions, banks urged
