Mmegi

Gov’t raises P1.3bn debt

At the helm: Dekop says more sustainable debt should be raised in the country PIC: PHATSIMO KAPENG
At the helm: Dekop says more sustainable debt should be raised in the country PIC: PHATSIMO KAPENG

The Bank of Botswana (BoB) raised P1.28 billion in debt for government recently, as a stampede by bidders meant yields continued to fall in the monthly auction of Treasury Bills and bonds.

The auction on February 23 saw bids worth P1.2 billion for a P400 million, three-month Treasury Bill (T-Bill) and bids worth P1.9 billion for the P450 million offered under the six-month T-Bill.

The three bonds on offer, with maturities ranging from 2029 to 2043, attracted more moderate bidding but were all equally oversubscribed.


Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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