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BoB backs away from retail bond plan

Friday, July 28, 2023 | 140 Views |

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.

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BoB backs away from retail bond plan

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.