Mmegi

Botswana slips in Africa Financial Markets Index

Eye on 
the ball: 
Absa publishes its financial markets review annually 
PIC: 
PHATSIMO KAPENG
Eye on the ball: Absa publishes its financial markets review annually PIC: PHATSIMO KAPENG

Botswana has dropped two places to seventh in the latest Absa Africa Financial Markets Index, scoring 64 points compared with 66 in the previous edition, amidst rising inflationary pressures and mixed progress in developing its domestic financial markets.

The Index, the tenth edition, was launched in Bangkok, Thailand, early on Wednesday morning as global leaders meet for the IMF and World Bank annual meetings.

Produced by Absa in partnership with the Official Monetary and Financial Institutions Forum (OMFIF), the Index assesses the accessibility, openness, and transparency of financial markets across 29 African economies.

Editor's Comment
Borrowers need room to breathe

“Every time you borrow money, you are robbing from your future self”-Nathan.W.MorrisBank of Botswana’s latest supervision report shows loans placed on a watch list for potential repayment problems rising to P5.5 billion. These loans have not necessarily defaulted, which means there is still an opportunity to address the weaknesses. Meanwhile, loans already in arrears have reached P5.2 billion. For households, this pressure can mean...

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