Stampede as gov't raises P1.2bn in capital market
Friday, March 06, 2020
At the February 28 auction held by the Bank of Botswana (BoB), the bid to cover ratio, a measure of the demand amongst bidders, hovered above 2.0 across the treasury bill and three bonds. Experts believe a bid to cover ratio of above 2.0 indicates a successful auction with aggressive bids.
The government, through the BoB, borrows quarterly from the local capital market mainly to develop the market’s capacity, but also to fund gaps in the national budget.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...