Stanbic bank bolsters bond market
Thursday, September 08, 2016
Sheperd Asiam and Thapelo Tsheole during bond market confrence media briefing.PIC: KENNEDY RAMOKONE
The first of its kind, the conference is the birth child of the Botswana Stock Exchange (BSE) and the Botswana Bond Market Association (BBMA), with a view to bringing together relevant stakeholders to engage in discussions around developing and nourishing the bond market.
“We are honoured to come on board as the Diamond Sponsor for such a prestigious and meaningful platform as this. Our excellent business pedigree in lead arranging, book-running and trading of bonds in secondary market saw it only natural for a partnership with the BSE and BBMA.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...