Preliminary Bank of Botswana (BoB) figures released recently show that between January and June 2025, non-interest income earned by the country’s commercial banks averaged P352.8, before rising to an average of P548.1 million between July and October. The difference, analysts say, were July changes to the exchange rate framework made by the BoB, giving commercial banks greater room in the margins they charge both buyers and sellers of foreign currency (forex). In July, the BoB increased its margins for foreign currency trade with the banks from +/-0.5 percent to +/-7.5 percent, as a way of protecting further erosion of the official foreign exchange reserves managed by the BoB.
The move, amongst other measures, made it more expensive for banks to resort to the BoB for forex and was also designed to encourage greater inter-bank trading of forex. The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for…
