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.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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