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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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