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Zambian firm looks to list equity on BSE

Done deal: United Capital listed its bond programme recently PIC: PHATSIMO KAPENG
Done deal: United Capital listed its bond programme recently PIC: PHATSIMO KAPENG

Following the approval of a $500 million debt listing on the Botswana Stock Exchange (BSE), Zambian fertilizer firm, United Capital, has expressed interest of listing equity on the local exchange.

In an interview with Business Monitor on the sidelines of a bell ringing ceremony last week, United Capital chairperson, Chance Kabaghe said the company is exploring an equity raise on the BSE depending on whether the bond capital float proves to be fruitful.

Kabaghe said moving on with an equity listing on the domestic bourse is on the table with the company’s team pleased with the track record of the BSE, its strong financial performance and delivery for other companies.

Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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