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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
A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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