Bank of Botswana pays govt surprise P4.1bn windfall

Data seen this week shows the payment was made in April and helped the first quarter of the 2019-2020 budget to a P2.1 billion surplus, in a year in which the fiscal year is expected to record a P7.8 billion deficit.

The BoB’s payout comes as questions are raised about the central bank’s management of government funds, after prosecutors in a magistrate court case this week alleged political leaders had pilfered billions in previous years.