New investment firm eyes BSE listing

Tumelo
Tumelo

A new pan-African focused investment firm, Afinitas Limited, is gearing up for a P30 million Initial Public Offer (IPO) on the Botswana Stock Exchange (BSE).

The greenfield venture, which recently concluded a P90 million private placement, has already been granted regulatory approval to list 240 million ordinary shares on the Venture Capital board of the BSE.

Local fund managers such as African Alliance, Investec and Afena Capital participated in the private placement giving them a respective 25 percent, 7.5 percent and 5.5 percent shareholding in Afinitas.

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A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

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