Gov't seeks P3.1bn in fresh funding round
Friday, March 21, 2025 | 630 Views |
Capital central: While the BoB conducts the auctions, the Finance Ministry controls government’s domestic debt issuance programme
The central bank’s inaugural inflation-linked bond, carrying a face value of P750 million, attracted seven bids worth only P220 million with demands for yields reaching as much as 10.5%. The BoB did not accept any of the bids.
The 21-year inflation-linked bond, first mulled two years ago, was expected to be sought after by the market as a hedge against inflation.
Whilst we join Botswana Sectors of Educators Trade Union (BOSETU) and other stakeholders in commending the rise in top grades, a testament to the unwavering effort of many teachers and pupils, this progress is fundamentally shadowed by a failing that shames our society. The stark, persistent urban-rural divide is not just a statistic, but an active betrayal of thousands of young Batswana.The figures are a damning indictment. When pass rates in...