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
Ramogapi & Co should clear the Bonno confusion

According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...

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