BSE records tumble as Access Bank takes over BancABC

Monday, October 11, 2021 | 2080 Views |

Marking milestones: Finance Minister, Peggy Serame and Bank of Botswana governor, Moses Pelaelo, joined executives from Access Bank, BancABC Botswana and the BSE last week to officially mark the acquisition PIC: MFED FACEBOOK

The daily value of shares traded on the Botswana Stock Exchange (BSE) hit an all-time high of nearly P1.1 billion today, as major Nigerian financier, Access Bank finalised its take over of BancABC Botswana.

Prior to today, the BSE’s highest daily turnover was P494.3 million recorded in 2016, P484.6 million in 2017 and P458.6 million in 2018, the Exchange’s CEO, Thapelo Tsheole said in a statement this afternoon.

“This transaction represents a great achievement for the BSE in being able to facilitate large trades in line with our current strategy to increase the average daily turnover levels to P18million per day by the end of 2021,” he said.

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