mmegi

Zambian firm to list $500m debt note on BSE

Spreading wings: Tsheole says more issuers are seeing Botswana as an ideal base to raise capital from
Spreading wings: Tsheole says more issuers are seeing Botswana as an ideal base to raise capital from

The Botswana Stock Exchange (BSE) has approved an application by a Zambian firm which seeks to raise $500 million debt in the local market, a development analysts say underlines the potential of the local capital market.

On Monday when opening the Botswana Bond Market Association's (BBMA) roundtable, BSE CEO Thapelo Tsheole said similar requests were coming in from around the region at different levels of advancement.

“One of the things that we are seeing, because of what we managed to do in terms of developing the market, is interest from neighbouring countries to come and raise capital,” he said.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Have a Story? Send Us a tip
arrow up