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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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