Tuesday, April 13, 2021
27 °c
Gaborone

No products in the cart.

Tag: BoB

P50.7 billion household debt

P50.7 billion household debt

The central bank, Bank of Botswana (BoB), has disclosed in its annual December 2020 Household Indebtedness Survey that the total household debt amounted to P50.7 billion as of December 2019. BoB survey has ...

Govt revenues in coma

Govt revenues in coma

The Director for Research and Financial Stability at the central bank, Bank of Botswana (BoB), Dr Alex Kganetsano forecasts that government’s sources of revenue will undue a heavy decline this ...

BoB withstands volatility

BoB withstands volatility

The central bank has managed to defeat the colossal pinch of sluggish economic activity that prevailed in 2019 by recording a massive net income worth P6.9 billion. The net income ...

MOODY’S AFFIRMS THE “A2” SOVEREIGN CREDIT RATING AND CHANGES THE OUTLOOK ON BOTSWANA’S RATING FROM STABLE TO NEGATIVE

MOODY’S AFFIRMS THE “A2” SOVEREIGN CREDIT RATING AND CHANGES THE OUTLOOK ON BOTSWANA’S RATING FROM STABLE TO NEGATIVE

Moody’s Investors Service (Moody’s), in the latest out-of-calendar review of the credit ratings, affirmed Botswana’s rating of ‘A2’ for long-term bonds denominated in both domestic and foreign currency, and changed the outlook from stable to negative. According to Moody’s, this update to the recent March 2020 rating, on a date that deviates from the previously published sovereign release calendar, is prompted by the risks associated with coronavirus shocks, given Botswana’s strong dependency on the diamonds industry for growth, exports and budget revenues. The revision of the outlook ...

Low mining output harm GDP

Low mining output harm GDP

Bank of Botswana (BoB) Governor Moses Pelaelo has said the Gross Domestic Product (GDP) recorded a significant decline in 2019  growing by 3.9 percent in the twelve months to June 2019,compared ...

ILLEGAL DEPOSIT-TAKING ACTIVITIES

ILLEGAL DEPOSIT-TAKING ACTIVITIES

The public is hereby informed that the Bank of Botswana (Bank) has determined that Botswana Fund Motshelo is illegally taking deposits from members of the public, and operating a pyramid scheme business. The Bank has accordingly directed the promoters of Botswana Fund Motshelo to cease and desist from transacting the illegal business scheme. Pyramid schemes and other illegal deposit-taking activities are unlawful in Botswana; and contravene Section 3(1) of the Banking Act ...

Call to Govt: Issue more bonds

BoB is clean – Matambo

The  Minister of Finance and Economic Development Kenneth Matambo has cleared misconception that there is government funds worth of P 22 billion missing at Bank of Botswana ( BoB). Minister Matambo, ...

BoB retains bank rate

BoB retains bank rate

The Bank of Botswana’s (BoB) Monetary Policy Committee (MPC) has resolved to retain the bank rate at 5 percent following its meeting on June 27, 2019. The bank’s Governor, Moses ...

Page 1 of 2 1 2

Welcome Back!

Login to your account below

Create New Account!

Fill the forms below to register

Retrieve your password

Please enter your username or email address to reset your password.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?