Daily Finance News Highlights are a www.hotwireprc.com service to our top clients, with daily alerts on what is making Botswana's finance news.
Daily Finance News Highlights are a www.hotwireprc.com service to our top clients, with daily alerts on what is making Botswana's finance news. |Source: Hotwire
Finance News (Print)

Finance News 21 June 2020

Summaries of today's leading financial news

By Kefetse Denise Molopo

|

BoB predicts "sharp deterioration in economic growth" - Bank of Botswana has cautioned that projections by the Ministry of Finance and Economic Development and the international Monetary Fund suggest a shard deterioration in economic growth for Botswana in 2020. (Sunday Standard)

Ngwana Africa takes its startup campaign to Francistown - Ngwana Africa, a 100 percent citizen owned company last week held a boot camp dubbed “Connecting the City Challenge” in Francistown as part of a campaign to promote startup entrepreneurship in Francistown and surrounding areas. (Sunday Standard)

BBS re-submits application for banking license - The Botswana Building Society (BBS) is laying the foundation to become a commercial bank by the second quarter of 2021 provided the regulator permits. (Sunday Standard)

Consumer inflation slows in May - As food prices steadily rise, the reduction in fuel costs has helped slow down the spike in costs of living which was anticipated to pick up pace on the back of disruption in economic activities caused by COVID-19 measures, suggest data from Statistics Botswana’s latest inflation report. (Sunday Standard)

BoB upbeat on economic recovery - The Central Bank, Bank of Botswana is optimistic on the domestic economic recovery in the face of the principal contests resulting from the COVID-19 pandemic ravage that gripped the world. (The Patriot)

Informal sector on brink of collapse - With majority economic sectors starting gradual recovery after the lockdown imposed due to COVID-19 threat, the local informal trade sector appears to need more interventions for recovery. (The Patriot)

Bank Rate maintained at 4.25% - At the meeting held on June 18, 2020, the Monetary Policy Committee (MPC) of the Bank of Botswana decided to maintain the Bank Rate at 4.25 percent. (The Patriot)

StanChart donates PPE to Sir Ketumile Masire Hospital - Standard Chartered through the Standard Chartered Bank Education Trust has handed over P500,000 worth of Personal Protective Equipment (PPE) to the Sir Ketumile Masire Teaching Hospital as part of the banks continued support of the fight against the COVID-19 pandemic in Botswana. (The Patriot)

The Hotwire XChange
www.xchange.co.bw