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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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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