Mmegi

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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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