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The Directorate of Public Prosecutions (DPP) is adamant that multi-million assets owned by local businessman Bakang Seretse were purchased through money from the National Petroleum Fund (NPF) and that High Court was right to order forfeiture of the assets.
The Bank of Botswana (BoB) met its target of raising P1.4 billion in debt for government from the capital market at the most recent auction of notes, with yields falling amidst oversubscription by bidders.
The Bank of Botswana's (BoB) Monetary policy committee this week maintained the bank’s monetary policy rate at 2.65 percent. The apex bank does not envisage cutting interest rates anytime soon, despite inflation cooling, falling within the banks desirable range.
On June 20th, the Botswana Energy Regulatory Authority (BERA) decided to slash the retail pump price of unleaded petrol 93 by 22 thebe per litre while that of
Headline inflation slid down to the Bank of Botswana target margin, but analysts ruled out the possibility for the central bank to temper with the rates