Govt to approach market for P450m

Bolokwe says the Association is waiting for more details on BW016
Bolokwe says the Association is waiting for more details on BW016

Government plans to debut a new bond at its forthcoming auction, which will seek to raise P450 million in borrowings from the local market, BusinessWeek has established.

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.

For the local market participants who bid for the right to lend to government, the bonds represent risk free, solid returns for investments.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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