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
Public servants deserve better than union infighting

‘The strongest bond of human sympathy outside the family relation should be one uniting working people of all nations and tongues and kindreds’.- Abraham LincolnUntil then, the Council’s operations remain suspended, delaying critical decisions affecting thousands of public sector employees.The current standoff is between the Manual Workers Union on one side and the Six Cooperating Trade Unions, namely BONU, BOPEU, BTU, BDU, BOSETU and...

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