Gov�t raises P4bn on bond market

Finance minister Kenneth Matambo
Finance minister Kenneth Matambo

Government raised about P4 billion from the bond market in 2016 through Treasury Bills and tapping into existing issued bonds as treasury decided to entirely fund the forecast P6 billion budget deficit from domestic resources.

According to figures released by the Botswana Stock Exchange (BSE), tap issuances and new bond issuances, helped push the bond market capitalisation of listed bonds to P12.2 billion compared to P10.1 billion as at the end of 2015.

During the year 2016, Bank of Botswana (BoB), on behalf of government, held four bond auctions in which it raised a total of P2 billion from Treasury Bills and another approximately P2 billion issued bonds.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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