Banks' high interest rate on loans is fast becoming a threat to tourism sector operators, industry players have said.
With local commercial banks charging between 17 per cent and 24 per cent in interest on the loans provided to operators in the sector, hoteliers say that it is too high given the returns in the industry.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article