Medical/Health Care

Botswana Kills Five Suspected Poachers in Effort to Save Rhinos

GABORONE, BOTSWANA – Botswana has seen an unprecedented rise in rhinoceros poaching in the last 12 months.  The government reports nearly 50 of the animals have been killed in the last 10 months, about one-tenth of the country’s rhino population.   Officials say at this rate, the black rhino population, which numbers just a few dozen, could be wiped out by the end of […]

Medical/Health Care

COVID-19 Supplies From Alibaba Never Reached Eritrea

ADDIS ABABA – Much publicized COVID-19 supplies donated by Chinese billionaire Jack Ma and his Alibaba Group never made it to Eritrea, despite Ethiopian Prime Minister Abiy Ahmed’s saying the supplies had been delivered to the entire continent. The reasons why the goods did not reach Eritrea are unclear, but rights activists accuse the government […]

Business & Finance

RESPONSE TO THE IMPACT OF COVID-19 PANDEMIC

1. Introduction 1.1 The Bank of Botswana recognises the pervasive adverse impact of the Coronavirus (Covid-19) pandemic on the financial sector and the economy in general. Accordingly, the Bank continues to monitor and respond, in the broader national context, to the developments in areas of its responsibility. In particular, the Bank has a statutory mandate […]

Business & Finance

Release of Circulars to Banks

The Bank releases two circulars: a circular on the Guidance on the Regulatory Treatment of IFRS 9 in the Context of COVID-19; and a circular on the Amendment of the Revised Directive on International Convergence of Capital Measurement and Capital Standards for Botswana and Liquidity Support. Source: Bank of Botswana

Business & Finance

S&P DOWNGRATES THE SOVEREIGN CREDIT RATING FOR BOTSWANA AND AFFIRMS STABLE OUTLOOK

S&P Global Ratings has released the results of the 2020 sovereign credit rating for Botswana, which downgrades the country’s sovereign credit rating for long-term foreign and domestic currency bonds from “A-” to “BBB+”, and retains “A-2” for shortterm foreign and domestic currency bonds. The stable outlook is maintained. The ratings are undermined by the prolonged […]

Medical/Health Care

African Conflict Zones in Need of Cease-Fires for Coronavirus Aid

ACCRA – Africa security experts say efforts to fight the coronavirus pandemic has been complicated by armed conflicts on the continent.  Calls are growing for cease-fires to give health care workers safe access to all those at risk.  As African nations gear up and lock down to fight the spread of the coronavirus, security experts […]