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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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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