BoB income doubles on weaker pula

Masalila PIC: KAGISO ONKATSWITSE
Masalila PIC: KAGISO ONKATSWITSE

The depreciation of the pula against most major currencies particularly the US dollar has seen Bank of Botswana (BoB) income for 2015 doubling from the prior year largely due to currency revaluations.

Addressing the media in Gaborone yesterday, the central bank’s head of monetary and financial stability, Kealeboga Masalila said net income for the bank stood at P9.1 billion more than double the P4.1 billion realised in 2014.

“The highest contribution came from revaluation gains to net income due to the fall of the pula against major currencies,” he said.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

Have a Story? Send Us a tip
arrow up