Serame tests appetite for hard currency bond

Reaching out: Serame is in Morocco this week
Reaching out: Serame is in Morocco this week

The possibility of government issuing its first ever foreign currency bond appears to be increasing, with Finance Minister, Peggy Serame this week due to sample international interest by holding a roadshow in Morocco, BusinessWeek has learnt.

Governments float foreign currency bonds in order to raise debt from global investors. Foreign currency bonds give governments protection against inflation and – for countries with high sovereign credit ratings such as Botswana – can represent lower borrowing costs. They can also be used to match currency inflows with outflows.

In a statement on Wednesday, the Finance ministry confirmed that Serame and her team would hold an investor roadshow on the sidelines of the International Monetary Fund and World Bank annual meetings taking place in Morocco.

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This period, running from May 20 to 31 2024, is crucial for those who have not yet registered to vote. This announcement comes in response to a significant shortfall in registered voters following the recent registration period. As it stands, only 62% of the target number of voters registered, leaving a considerable gap.With Botswana's general elections scheduled for October, every eligible citizen needs to register and exercise their...

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