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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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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