Bond market grows by 300 percent

Speaking at the Botswana Pensions Society conference in Gaborone yesterday, Botswana Stock Exchange (BSE) deputy chief executive officer, Thapelo Tsheole, noted that in 2010, the BSE together with market participants identified and documented several challenges impeding bond market development in Botswana.

Among the challenges identified were infrequent issuance of bonds by the government.  “This is an issue taken up with government. We now have quarterly auctions although hardly any new bonds are issued, most are tap issuances,” he said.