BTCL shares jump 30% on debut

BTCL became the first telecommunications firm to list on the BSE last week
BTCL became the first telecommunications firm to list on the BSE last week

Botswana Telecommunications Corporation Limited (BTCL) shares surged 30 percent to P1.30 on its first day of trading on the Botswana Stock Exchange on Friday.

The company listed 1.05 billion shares on the bourse marking the completion of the country’s first privatisation of a state-owned enterprise.

The shares listed at one pula per share but moved up to P1.30 on its debut after 31,000 shares changed hands in two transactions resulting in a turnover of P40,300.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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