BoB sets new record with P4bn gov’t debt raise

Balancing the books: Finance Minister, Peggy Serame, delivering the 2024-2025 budget in February. The budget contains a deficit estimated at P8.7bn 
PIC: MORERI SEJAKGOMO
Balancing the books: Finance Minister, Peggy Serame, delivering the 2024-2025 budget in February. The budget contains a deficit estimated at P8.7bn PIC: MORERI SEJAKGOMO

The Bank of Botswana (BoB) recently raised a record P4 billion in debt for government from the capital market, as fundraising is stepped up under the domestic note issuance programme, which was recently expanded to P55 billion.

According to the borrowing strategy document for 2024–2025 released recently, the central bank plans to raise P15.25 billion from the capital market this financial year on behalf of government. By comparison, the BoB was authorised to raise P7.05 billion for government in the 2023–2024 financial year, or less than half the target for the current financial year.

In the first two auctions of the new financial year, the central bank has already secured P7.5 billion for government from the capital market, continuing a successful streak of fundraising that stretches back to August last year.

Editor's Comment
Stop the children killing madness!

The incident comes on the heels of a similar one where a father murdered his two toddlers in Francistown. As we grapple with the shock and sorrow of this loss, it is essential to address the underlying issues that led to such a horrific outcome.Our hearts go out to the innocent victims, the three boys aged 13, 10, and eight who lost their lives in circumstances that defy comprehension. Their deep cuts and untimely demise have left a scar on the...

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