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BoB backs away from retail bond plan

NEW ROUTE: The central bank believes retail investors can still have access to government securities PIC: MORERI SEJAKGOMO
NEW ROUTE: The central bank believes retail investors can still have access to government securities PIC: MORERI SEJAKGOMO

The Bank of Botswana (BoB) has cooled on the idea of introducing state-based retail bonds, citing the complexity and cost of the initiative, BusinessWeek has learnt.

Speaking on Wednesday at an economic briefing for journalists, Governor Moses Pelaelo said the central bank had essentially put the brakes on the initiative.

“We found that it’s very complex and expensive to do,” he said in response to BusinessWeek enquiries.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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