Botswana to take part in Expo 2020 Dubai
Botswana Investment and Trade Centre (BITC) has announced that the country will participate at the Expo 2020 Dubai in the United Arab Emirates (UAE).
The Expo, which will be held under the theme, ‘Connecting Minds, Creating the Future’, runs from the 20th October, 2020 to 10th April, 2021.
It is anticipated the expo will offer a great opportunity to Botswana to take part in a global six-month celebration of creativity, innovation, humanity and world cultures.
Some of the expected benefits include getting an opportunity to sell Botswana’s value proposition and position the country as a gateway into Africa for investment in Greenfield projects.
BSB to commemorate World Savings Day
Botswana Savings Bank (BSB) will commemorate its annual World Savings Day in Rakops.
The celebrations will take place on the 31st of October under the theme, ‘Savings Give Life a Lift’.
The day is championed by the World Savings Bank Institute (WSBI) based in Brussels, Belgium. The initiative was established on October 31st, 1924, during the 1st International Savings Banks Congress (World Society of Savings Banks) in Milan, Italy. Its purpose is to educate people all around the world about the art of saving their money.
Government dominates bond market
The Financial Stability Report (FSR) indicates that government bond on average accounted for close to 65 percent of the bond market capitalisation over the three years to 2018.
The share of government in the bond market rises to around 80 percent when quasi-government and parastatal bonds are included.
As a percentage of GDP, the bond market remains very small and stagnant. Over the three years to 2018, bond market capitalisation averaged seven percent of GDP.