BTCL shares record slight recovery

In the news: BTCL's headquarters in Gaborone known as Megaleng House PIC: KENNEDY RAMOKONE
In the news: BTCL's headquarters in Gaborone known as Megaleng House PIC: KENNEDY RAMOKONE

The Botswana Telecommunications Corporation Limited (BTCL) is enjoying a rare period of growth in its share price, recently lifting off from a historic low of 65 thebe.

The telecomms group, the trading of whose shares is limited to citizens, plunged to the record low of 65 thebe at the beginning of May, continuing a general downtrend since it listed at P1.15 in 2016.

However, in the past month, BTCL’s share price has risen by 15% to 76 thebe, suggesting that investors are increasingly seeking out the counter.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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