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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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