Bidders squeeze BoB in P55bn debt programme

Friday, November 15, 2024 | 670 Views |

Tight fiscus: Government has been increasingly depending on capital market debt to plug the gap caused by declining mineral revenues PIC: MORERI SEJAKGOMO

Bidders participating in government’s P55 billion domestic debt programme are increasingly demanding higher rates of return, resulting in the last four auctions failing to meet their targets, the Bank of Botswana has confirmed.

Since July, the central bank, acting as the government’s agent, has floated treasury bills and bonds seeking a total of P13.1 billion, but has only raised P9.4 billion or about 72%.

Before July, the BoB was meeting its debt targets, with oversubscription of the treasury bills and bonds on offer at the monthly auctions.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Bank of Botswana

State wants protection for magistrate’s victims

Larona Makhaiza | 18 h ago

Quali-Med Laboratories unveils new dawn in healthcare

Kabelo Boranabi | 20 h ago

Hosanna show showcases gospel potential

Tsaone Basimanebotlhe | 21 h ago

Shaba Stele in near-quit breakthrough

Johannes Kambai | 21 h ago

New season catches hat-trick fever

Kabelo Boranabi | 21 h ago

GU chase first three-peat in seven years

Kabelo Boranabi | 21 h ago

BAUSA mobilises diaspora for development

Tsaone Basimanebotlhe | 1d ago

BERA warns on electricity licensing

staff writer | 1d ago

Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

The Monitor Editor | 27 October 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.