Govt returns to market, seeks to borrow P1.25bn

New broom:New Finance Minister,Thapelo Matshekais onthe look out for funds
New broom:New Finance Minister,Thapelo Matshekais onthe look out for funds

Government returns to the capital market on November 29 looking to borrow P1.25 billion via the auction of a treasury bill and three bonds, BusinessWeek has learnt.

The government, through Bank of Botswana, borrows quarterly from the local capital market mainly to develop the local market’s capacity, but also to fund gaps in the national budget.

The auctions of government notes are exclusively attended by primary dealers, who comprise some banks. The government paper represents risk free, solid returns for investment.

Editor's Comment
Are police trigger-happy?

Unfortunately, that day turned sour for those who were shopping at Sefalana Cash and Carry in Gaborone West Industrial.The exchange of fire that ensued between members of the Botswana Police Service (BPS) and robbers who had allegedly robbed a G4S cash-in-transit vehicle left two civilians dead, three robbers struck down, and an undisclosed number of citizens wounded.One deceased civilian is reportedly an employee of the Citizen Entrepreneurial...

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