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
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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