Mmegi

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

BCP eyes student vote revival

Tsaone Basimanebotlhe | 2d ago

UB politics shapes future leaders

Tsaone Basimanebotlhe | 2d ago

DIS officers seek tribunal authority over Magosi

Mpho Mokwape | 2d ago

DIS officers reject Magosi’s defence over P7.4m payout

Mpho Mokwape | 2d ago

DIS in P 1.5m employees money theft accusation

Innocent Selatlhwa | 2d ago

Botswana bets on gas mining boost for flagging economy

Sello Motseta | 2d ago

Mupane creditors grow uneasy as appeal drags on

Lewanika Timothy | 2d ago

UDC NEC to reconvene post leadership changes

Tsaone Basimanebotlhe | 2d ago

Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Mmegi Editor | 10 April 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.

Explore

More

Bidders squeeze BoB in P55bn debt programme

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.

BCP eyes student vote revival

UB politics shapes future leaders

DIS officers seek tribunal authority over Magosi

DIS officers reject Magosi’s defence over P7.4m payout

DIS in P 1.5m employees money theft accusation

Botswana bets on gas mining boost for flagging economy

Mupane creditors grow uneasy as appeal drags on

UDC NEC to reconvene post leadership changes

Botswana must not be a flag of convenience for rogues