Mmegi

Bank liquidity crunch eases but...

Eyes on the market: BoB governor, Cornelius Dekop PIC.PHATSIMO KAPENG
Eyes on the market: BoB governor, Cornelius Dekop PIC.PHATSIMO KAPENG

Local commercial banks experienced relief in their ability to have readily available cash to lend in the month of March, as repatriated pension funds provided a temporary remedy to the long-running liquidity crunch in the capital market.

According to Bank of Botswana (BoB) data, average liquidity in March increased from a shortfall of P305 million to an excess of P764 million, providing a temporary respite to the tight liquidity conditions that have plagued the banking sector for months.

In its most recent monetary policy report, the central bank noted that liquidity pressures had eased down as foreign capital inflows pumped capital into the local banking sector.

Editor's Comment
Violence doesn't solve anything!

Our weekly edition carries painful articles of people being murdered. Whilst some are classified as Gender Based Violence (GBV), there are still a large percentage of murder cases, which often happen at drinking spots, after people are heavily intoxicated. We have in the past carried articles where an individual was murdered because they refused to give someone a cigarette, and sadly this is where we are at now!In this very edition, there is an...

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