BoB offers lifeline to commercial banks

The Bank of Botswana recently offered a lifeline to commercial banks who found themselves squeezed out of Bank of Botswana Certificates (BOBC) auctions following the move to limit outstanding certificates to P10 billion.

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.

Editor's Comment
Women unite for progress

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...

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