BoB seeks foreign investors for govt’s P55bn debt programme

Making plans: Dekop   PIC PHATSIMO KAPENG
Making plans: Dekop PIC PHATSIMO KAPENG

The Bank of Botswana (BoB) is redoubling its efforts to attract foreign investors for government’s P55 billion domestic debt programme and has started talks with international payments and settlements platforms to ease the transactions.

Government’s bond programme, also known as the domestic note issuance programme, allows the BoB to raise debt from the local capital market on behalf of government, through the issuance of treasury bills and bonds.

The programme, which was increased from P30 billion to P55 billion in February, has become the main source of budget deficit financing for government in recent years. However, nearly all of the funding for the bond programmes comes from the local commercial banks, which are designated as primary dealers.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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