Archive for March 17th, 2008

source: Sunday Standard
by Sunday Standard Reporter
16.03.2008 7:16:05 P

Stanbic Bank of Botswana has been named as the preferred financial partner for the finding of the initial expansion project which is over P 123 million .

The P 123 million project, which is aimed at making the country energy self-sufficient by 2010, is aimed at expanding the capacity of the Botswana Power Corporation so that it could supply 80 percent of the country’s electricity demands.

The move will fire the power-hungry booming mining sector, which is known for its high consumption of energy but at the same time driving economic growth forward.

Stanbic Bank of Botswana has also been chosen as the arranger of the next government worth around P 5 billion but is sandwiched into some [continue reading]

source: Mmegi

BRIAN BENZA
STAFF WRITER

Today, two new Republic of Botswana government bonds worth P500 million each are to be listed on the Botswana Stock Exchange (BSE).

The two bonds, which were auctioned by the Bank of Botswana (BoB) last Friday, were highly oversubscribed, showing investors’ strong thirst for investment instruments in the country’s capital markets.

On the day, the central bank also issued a six-month P300 million Treasury Bill with a stop out yield of 11.41 percent. BOB Public Relations Officer Chepete Chepete confirmed to Business Week that the bonds will be listed on the bourse today.

“The two bonds are scheduled to be listed on BSE on March 14. The treasury bill will not be listed,” he said, adding that the bank had not [continue reading]