Month: April 2021

Moody’s downgrades Botswana’s sovereign credit rating

Moody’s Investors Service (Moody’s) has released the results of the review of the 2021 sovereign credit rating for Botswana. Moody’s has downgraded the country’s sovereign credit rating for long-term bonds, denominated in…

Nigerian Access Bank acquires BancABC

Bank of Botswana said it has conditionally approved an application for the purchase and acquisition of the entire ordinary shares, numbering 566 584 954 (78.15 percent), held by African Banking Corporation Holdings…

Coca-Cola Beverages Africa to list on JSE

The Coca-Cola Company and Coca-Cola Beverages Africa (CCBA) have announced plans to list CCBA as a publicly traded company. The Coca-Cola Company intends to sell a portion of its shareholding in CCBA…

BoB participates in virtual IMF, World Bank meetings

The Governor of the Bank of Botswana, Moses Pelaelo, along with Senior Bank staff, participated in the virtual Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) from…

Molefe, Showa back at BBS following court ruling

The BBS Limited managing director Pius Molefe and board secretary Sipho Showa are back at the bank after a High Court ruling that their dismissals did not follow due process. The duo…

EU strikes post-Cotonou deal with ACP region

The initialling of the new Partnership Agreement between the European Union (EU) and members of the Organisation of African, Caribbean and Pacific States (OACPS, formerly known as the ACP Group of States)…

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