BoB concerned over sluggish growth of domestic money and capital markets

The central bank Governor, Moses Pelaelo, says the development of money and capital markets in Botswana needs to be improved.

Speaking this week during the launch of the 2020 Monetary Policy Statement, the Bank of Botswana (BoB) Governor said as of 2017, the combined financial index for Botswana was two thirds that of Namibia, and a third and a quarter, respectively for that of South Africa and Singapore.

He said this is one area that should be attended quickly in the transformation agenda.

Within such composite measures, the Governor says Botswana falls short of international norms ...