BoB interest expenses hit all-time low
Tuesday, June 10, 2014
The 2013 figure is a far cry from the record high of P2.1 billion recorded in 2008 as well as the P913 million that the BoB reported in 2011 after it introduced several measures to rein in the stubborn trend. In July 2011, the BoB increased commercial banks’ primary reserve ratios and also capped Bank of Botswana Certificates (BoBCs) at P10 billion, as part of measures to restrain runaway interest costs.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...