Commodities exchange to start early next year

The CEO of the Botswana International Financial Services Centre (IFSC) Alan Boshwaen says the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) needed to be operational before the exchange could start.

The exchange was initially expected to be operational in the fourth quarter of 2009.
However, Boshwaen says Bourse Africa has already set up a liaison office at Fairgrounds Office Park and has started recruiting staff, which has seen significant progress so far.The exchange is expected to employ about 75 highly skilled professionals when it starts.