🇧🇼BotswanaSouthern Africa
Bank of Botswana raises P2.8 billion for government, achieving lower borrowing costs
via Mmegi1 min read
The Bank of Botswana successfully raised P2.8 billion in debt for the government during its latest notes auction on June 26. This achievement came with reduced borrowing costs across all securities offered. Of the total amount, P800 million was secured from longer-maturing bonds, though short-term Treasury Bills continued to be the primary focus of the monthly auctions. Analysis by Kgori Capital indicates that yields decreased across the board at the June 26 auction. The three-month Treasury Bill saw a significant drop of 104 basis points, and the six-month Treasury Bill fell by 95 basis points. Bond yields also declined, with the five-year paper notably decreasing by ten basis points.
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This summary was AI-generated from a story originally published by Mmegi.
The Botswana Police Service BPS has introduced its fifth Corporate Development Strategy CDS V for the period 2026–2030. This strategy aims to modernize policing, enhance public trust, and improve service delivery to address evolving security threats. Minister of State President and Defence and Security, Moeti Mohwasa, stated that the strategy reflects the government's commitment to fostering a resilient, peaceful, and inclusive Botswana where citizens trust public institutions. He added that CDS V aligns with National Development Plan 12, specifically its goal of restoring public trust in government institutions through transparency, accountability, and the rule of law.
The recent recruitment process for Village Development Committee VDC members in Botswana has sparked widespread complaints on social media, underscoring the country's severe unemployment crisis. Many Batswana, particularly young people, expressed desperation as they competed for the VDC positions, which offer a monthly allowance of P2,500. The high competition and subsequent outcry from unshortlisted applicants reflect the scarcity of employment opportunities and the urgent need for income in Botswana.
Botswana's food manufacturing sector is increasingly dependent on grain imports because local production cannot meet the industry's demands. This issue was underscored during a media tour of Bolux's P800 million manufacturing facility in Ramotswa, organized by the Maize and Wheat Millers Association MWMA. Despite the facility being one of Botswana's most advanced food processing plants, company executives stated that local wheat and maize production is significantly lower than required. Bolux Managing Director Melinda Jacobs confirmed the company's commitment to supporting local farmers, citing an agreement to purchase 2,000 tonnes of wheat from a farmer in Pandamatenga, but emphasized that national production levels are still insufficient.