Interest rate cut: Growing your wealth in a low interest environment – The central bank of Botswana is one of over 10 central banks in Africa to announce interest rate cuts in 2020, putting interest rates at a historically low level. (Echo)Moratorium on debt for Africa? Be careful of unintended consequences – Africa is home to 41 of the International Monetary Fund’s 59 Low Income Countries. (Echo)Afinitas shuts down Ethiopian based subsidiary - Botswana Stock Exchange listed Afinitas Limited has decided to close its Ethiopian based portfolio, EQOS Services, following an in-depth review of the company and its prospects for recovery post COVID. (The Monitor)Absa Board appoints non-executive directors - Absa Bank Botswana Limited announces the appointment of three non-executive directors, Benjamin Kodisang, Cosmos Moapare and Sari Nikka, as members of the Absa Board of Directors. (The Monitor)CEDA launches Letlhabile Stimulus - CEDA has launched Letlhabile, a stimulus programme that will specifically focus on uplifting the informal sector. (The Monitor)Stanbic bolsters support of SMME valid orders - Stanbic Bank Botswana continues to financially assist SMMEs through the purchase order finance platform. (The Monitor)
Interest rate cut: Growing your wealth in a low interest environment – The central bank of Botswana is one of over 10 central banks in Africa to announce interest rate cuts in 2020, putting interest rates at a historically low level. (Echo)Moratorium on debt for Africa? Be careful of unintended consequences – Africa is home to 41 of the International Monetary Fund’s 59 Low Income Countries. (Echo)Afinitas shuts down Ethiopian based subsidiary - Botswana Stock Exchange listed Afinitas Limited has decided to close its Ethiopian based portfolio, EQOS Services, following an in-depth review of the company and its prospects for recovery post COVID. (The Monitor)Absa Board appoints non-executive directors - Absa Bank Botswana Limited announces the appointment of three non-executive directors, Benjamin Kodisang, Cosmos Moapare and Sari Nikka, as members of the Absa Board of Directors. (The Monitor)CEDA launches Letlhabile Stimulus - CEDA has launched Letlhabile, a stimulus programme that will specifically focus on uplifting the informal sector. (The Monitor)Stanbic bolsters support of SMME valid orders - Stanbic Bank Botswana continues to financially assist SMMEs through the purchase order finance platform. (The Monitor)
