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
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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