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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
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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