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Botswana Stock Exchange attracts more international companies

Botswana Stock Exchange (BSE) on Monday announced that the local market has become a viable and attractive destination for international and regional companies.

Speaking at the opening bell ceremony for November, BSE Chief Executive Officer, Thapelo Tsheole said companies looking to expand and penetrate new markets are making Botswana their preferred address.

“This can be witnessed from the foreign listings that are dual-listed from developed markets like Canada, Australia, South Africa and England,” said Tsheole.

He said BSE remains resolute to contribute to Botswana’s economy by promoting a robust private sector, acting as a catalyst for companies to access equity or debt finance that will ultimately lead to growth of the enterprises.

Also read: Botswana approaches World Bank for budgetary support

Tsheole said creating employment, propelling technology innovation, stimulating infrastructure development and attracting more foreign direct investment is the BSE’s ultimate goal.

The BSE has 32 companies listed and 11 of the listed companies have regional and international presence, contributing around 40 percent to the national gross domestic product.

Source: Xinhuanet

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