Govt raises P545m debt
Tuesday, March 30, 2021
![Hunting funds: The Bank of Botswana holds auctions on behalf of government every month PIC: MBONGENI MGUNI](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2021/march/30/phpURKtSl.jpg&w=400&q=72&f=jpg)
Hunting funds: The Bank of Botswana holds auctions on behalf of government every month PIC: MBONGENI MGUNI
Each month, the Bank of Botswana raises debt for government through the issuance of bonds and treasury bills of varying maturities at auctions exclusively attended by some commercial banks.
At the last auction held on Friday, the central bank offered three bonds looking to raise P1 billion. Results of the auction indicate that bond BW013, which carried the shortest term on offer, attracted the most aggressive bidding, with a total amount allotted of P359 million against the P300 million on offer.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...