<p><strong>Fuel price cut to trim inflation by 1.64% -</strong> The Bank of Botswana (BoB) expects the recent fuel price reduction to lower inflation by 1.64 percent, a figure that could cut inflation to levels never seen before in the country. <em><strong>(Mmegi)</strong></em></p><p><strong>The Great Debt cleanup –</strong> With more than $7.5 trillion owed to external creditors, emerging economies’ debt-service costs are becoming increasingly onerous just when they need as much fiscal space as possible to confront the COVID-19 crisis. <em><strong>(Mmegi)</strong></em></p><p><strong>BBS to redo bank bid –</strong> BBS Limited plans to resubmit an application for a commercial banking license in the last quarter of the year, a development that could see the building society become the country’s first indigenous bank. <em><strong>(Mmegi)</strong></em></p><p><strong>Govt’s P40bn quandary –</strong> The Ministry of Finance and Economic Development (MFFD) has estimated the total cost of spending under the government’s Economic Recovery and Transformation Plan (ERTP) at about P20 billion over 2.5 years. <em><strong>(The Business Weekly & Review)</strong></em></p><p><strong>BBS to become full commercial bank by 2020 –</strong> MD – BBS Limited is updating its application for banking licence and will resubmit it as soon as it has finalized the audit for the latest financial results for the period ended December 2019. <em><strong>(The Business Weekly & Review)</strong></em></p><p><strong>‘Africa in no tax haven’ –</strong> In the wake of the Covid-19 pandemic, which is having a severe impact on economies in the world, including Africa, it has not been clear that tax policymakers will need to consider how to assess and achieve the right African interests in international negotiations on tax matters. <em><strong>(The Business Weekly & Review)</strong></em></p><p><strong>Standard Group harness healthy returns amid Covid scarring –</strong> While the Covid-19 pandemic is a major setback for the global economy, Standard Bank Group believes Africa’s long-term prospects remain positive and opportunities for investors and businesses to promote development of the continent while also generating healthy returns remains, says Gert Vogel, Chief Executive, International for Standard Bank Group. <em><strong>(The Business Weekly & Review)</strong></em></p>
<p><strong>Fuel price cut to trim inflation by 1.64% -</strong> The Bank of Botswana (BoB) expects the recent fuel price reduction to lower inflation by 1.64 percent, a figure that could cut inflation to levels never seen before in the country. <em><strong>(Mmegi)</strong></em></p><p><strong>The Great Debt cleanup –</strong> With more than $7.5 trillion owed to external creditors, emerging economies’ debt-service costs are becoming increasingly onerous just when they need as much fiscal space as possible to confront the COVID-19 crisis. <em><strong>(Mmegi)</strong></em></p><p><strong>BBS to redo bank bid –</strong> BBS Limited plans to resubmit an application for a commercial banking license in the last quarter of the year, a development that could see the building society become the country’s first indigenous bank. <em><strong>(Mmegi)</strong></em></p><p><strong>Govt’s P40bn quandary –</strong> The Ministry of Finance and Economic Development (MFFD) has estimated the total cost of spending under the government’s Economic Recovery and Transformation Plan (ERTP) at about P20 billion over 2.5 years. <em><strong>(The Business Weekly & Review)</strong></em></p><p><strong>BBS to become full commercial bank by 2020 –</strong> MD – BBS Limited is updating its application for banking licence and will resubmit it as soon as it has finalized the audit for the latest financial results for the period ended December 2019. <em><strong>(The Business Weekly & Review)</strong></em></p><p><strong>‘Africa in no tax haven’ –</strong> In the wake of the Covid-19 pandemic, which is having a severe impact on economies in the world, including Africa, it has not been clear that tax policymakers will need to consider how to assess and achieve the right African interests in international negotiations on tax matters. <em><strong>(The Business Weekly & Review)</strong></em></p><p><strong>Standard Group harness healthy returns amid Covid scarring –</strong> While the Covid-19 pandemic is a major setback for the global economy, Standard Bank Group believes Africa’s long-term prospects remain positive and opportunities for investors and businesses to promote development of the continent while also generating healthy returns remains, says Gert Vogel, Chief Executive, International for Standard Bank Group. <em><strong>(The Business Weekly & Review)</strong></em></p>
