- GCC, BSE signMOU for issuance of municipal bonds
- Municipal bonds expected to ease financial burden on Govt
GORATAONE KGOSIMORE
As government continues to grapple with financial challenges and a dwindling economy, the Gaborone City Council (GCC) has undertaken aresolve toself-finance, inking a Memorandum of Understanding (MoU) with Botswana Stock Exchange (BSE) which will facilitate issuance of municipal bonds.
Themunicipalbonds, a historicfeat as the first ever in the country will see GCC independently raise funds directly from the markets tofinance its infrastructureand projects.
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