AFDB mulls floating Pula bonds

The AFDB team met with Finance Minister Kenneth Matambo when they visited Botswana in February this year
The AFDB team met with Finance Minister Kenneth Matambo when they visited Botswana in February this year

The African Development Bank (AFDB) is pondering floating local currency denominated bonds in bid to deepen local capital markets, which are characterised by a lack of suitable long-term investments instruments.

In the Botswana 2015-2019 Country Strategy Paper (CSP) released last week, the development bank said it would explore the possibility of issuing Pula-denominated bonds to support deepening of the financial market.

“This would help to somewhat address the needs of institutional investors who are not only looking for more Pula assets but also longer dated investments.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up