BSE open for trading
The Botswana Stock Exchange, BSE, is open for business. The country’s stock exchange has been set up to allow the listing of various companies and trading of their stocks within the country and they continue in the drive to sensitise Batswana about their products and services.
The BSE has since last year introduced the stock market opening bell tradition that is more popular with international stock markets. The opening bell ceremony is a old age tradition of the stock market where the opening of the market for trading is marked by the ringing of a bell. In other countries, the bell is rung daily as the markets open for trading while in Botswana, due to our small exchange it is a monthly event. Other countries like the United States of America have their opening bell ceremonies symbolizing more than just the opening of the market but also the listing of a new company to the stock exchange.
Botswana Stock Exchange opening bell ceremony was this month graced by the presence of the European Union Head of Delegation and Ambassador to Botswana and SADC, H E Jan Sadek who shared his experience in buying stock and it’s importance to an economy. He followed the BSE CEO, Mr. Thapelo Tsheole who continued to implore local businesses to list on the BSE and diversify the stock options available for investors. There are a number of companies locally that we have approached, said Mr. Tsheole which have the potential to list on the exchange and grow further. The Head of Product Development, Mr. Kopano Bolokwe closed off the event by emphasizing the need for more issuers and investors and their continued efforts to even reach out to the EU region on this.