Mmegi

ESG bond boosts local market ratings

Leading the market: Pheko-Moshagane launched the country's first green bond last year
Leading the market: Pheko-Moshagane launched the country's first green bond last year

The market’s inaugural green bond listing by Absa Bank Botswana, helped the country climb one notch up in the latest edition of the Absa Africa Financial Markets Index (AFMI).

The index, which gauges the performance of financial markets across 29 countries, ranked Botswana sixth in Africa, a run up from the seventh position held last year.

According to the AFMI report, African financial markets have been resilient to economic headwinds, with this year alone seeing improvements in countries’ sustainability considerations in finance, alongside growth in transparency and market depth.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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