Gov�t raises P4bn on bond market
Friday, January 27, 2017
Finance minister Kenneth Matambo
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.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...