Botswana Mulls Low-Denomination Retail Bonds to Boost Savings
- Notes would be part of nation’s existing $1.5 billion program
- Country to study retail-bond rollout in Kenya, South Africa
Commercial buildings, including the Barclays Bank of Botswana Ltd. office, second right, stand in the central business district of Gaborone, Botswana.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Botswana’s central bank is considering rolling out low-denomination retail bonds to boost national savings.
The securities “would support financial inclusion through access to secure, low-denomination savings product offering an attractive return,” the Gaborone-based Bank of Botswana said in an emailed response to questions Friday. It will study South Africa and Kenya’s experience in rolling out retail bonds, where the programs have been “highly successful,” it said.