Mmegi

BoB’s emerging markets’ shift pays off

Seeking a home: The BoB internally manages half of the foreign currency exchange reserves
Seeking a home: The BoB internally manages half of the foreign currency exchange reserves

The Bank of Botswana says its decision to include more emerging markets in the list of where the country’s foreign exchange reserves can be invested, has paid off over the years in terms of diversification and optimisation of returns.

BoB initially included emerging markets in 2017 and according to the BoB’s Annual Report for 2024 released recently, the total the number of eligible global markets where the foreign exchange reserves can be invested, rose from 22 to 27.

The new markets include Mexico, Indonesia, Colombia, Romania, and Hungary.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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