IFC issues P260m bond to fund Botswana firms

Deepening markets: The BSE will list the IFC bond on December 13, 2017
Deepening markets: The BSE will list the IFC bond on December 13, 2017

The International Finance Corporation (IFC), an arm of the World Bank, will next week list a P260 million bond on the Botswana Stock Exchange (BSE) as part of efforts to drive Pan-African private investments.

The bond would be the first listing by a multilateral institution on the local bourse.

“The issuer seeks to bring together domestic and foreign private capital and experienced management and thereby create conditions conducive to the flow of private capital (domestic and foreign) into productive investments in its developing member countries.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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