BoB offers lifeline to commercial banks
Friday, February 24, 2012
This week, BusinessWeek established that the Bank of Botswana (BoB) has offered reverse repurchase agreements to banks squeezed out of the auctions under which the bank sells them BOBCs on a limited basis and at lower interest expense to itself.
In 2010, BoB spent P1.23 billion paying interest on BOBCs, compared to P24 million in interest on reverse repurchase agreements.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...