Botswana Stock Exchange to self-list after demutualization

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The Botswana Stock Exchange (BSE) looks to convert to a public company by end of 2018 and thereafter invite private investors to buy shares in the firm before listing itself on the bourse.

Through a process called demutualisation, the BSE will transform from a statutory body collectively owned by stockbrokers and government to a public company.

Self-listing is an international practice that stock exchanges normally adopt in developed markets after they demutualise. In a response to Mmegi Business enquiries, market development manager, Thapelo Moribame said the demutualisation process will separate ownership rights of the BSE from trading rights.

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