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
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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