Gov't hits P15bn domestic borrowing ceiling

Since 2008, the domestic issuance programme has guided government on borrowing from the local capital market. From a ceiling of P5 billion in the original programme, Parliament approved the increase to P15 billion in 2011.

Today, the Bank of Botswana (BoB), which manages government’s domestic borrowing programme through auctions held every three months, will float a Treasury Bill and three bonds seeking P1.85 billion in borrowings for government.