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Women entrepreneurs celebrated

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Women’s Entrepreneurship Day (WED) held today (Wednesday) at Regent Select Hotel, is expected to celebrate the unwavering positives that women entrepreneurs bring to the global economy, as well as inspire and support future generations of women entrepreneurs. The day is intended to empower women and their businesses, as well as gather a think tank of women leaders, which will create an amplified message to expand businesses with social impact in communities locally and globally.

Hosted for the first time in Botswana, the day is historically held on November 19 each year during the Global Entrepreneurship Week. According to Regional Ambassador – WED Botswana, Gomolemo Madikgetla, the event takes the format of a roundtable discussion with presentations and a master class. Speakers and facilitators include; Magdeline Madibela: Head of UN Women, Victor Monggae: Hub Manager at Tokafala enterprise Development, Agang Tshosa: The Clicking Generation Co-Founder and Tony Elemelu Foundation alumni, Dr Roche Mambolo: Founding Director of the LORA Centre for Innovation and Entrepreneurship, Blaga Miteva: Opportunity Creator at Brand Engage and Lily Rakorong: CEO of HATAB.

The roundtable will bring to the fore issues of enteprise development, mentorship, inclusiveness, masterclass: entrepreneurs and catalytic innovation, entrepreneurship and the forth industrial revolution, pitching and speed networking, as well as the importance of scale and leadership, among others.WEB Botswana also promises to provide a platform in which prominent figures, leaders and experts will not only share success stories on a surface level, but also delve deeper into the implementation process of the work of women in business and for sustainability integration.

WED ignites women leaders, innovators, and entrepreneurs to initiate startups, drive economic expansion, and advance communities worldwide.The flagship UN event is live-streamed and celebrated in 144 countries and 110 universities and colleges celebrating Women’s Entrepreneurship Day internationally reaching over 1.4 million people. The WED mission is to empower the four billion women across the globe to be catalysts of change, and uplift the 250 million girls living in poverty globally. “In addition to our mission of empowerment, we are committed to gathering a think tank of inspiring women leaders who can amplify our message of expanding businesses with social-good initiatives in communities around the world.” FAST STATS Women perform 66 percent of the world’s work Only earn 10 percent of the world’s income Account for 85 percent of consumer purchases Control $20 trillion in worldwide spending

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BSE upgrades online investor access

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A recent BSE opening bell function.

Botswana Stock Exchange Limited (BSEL) will this year introduce a new clearing and settlement system, as part of efforts to improve operations of the bourse.

Speaking at the seventh opening bell ceremony, Chief Executive Officer, Thapelo Tsheole said the development will help improve liquidity and risk management. In addition, the new settlement system replaces the 2008 system while fast tracking introduction of security borrowing and lending, management settlement guarantee fund, as well as identifiers for companies and instrument.

BSEL has already awarded a contract to a Swedish company to implement the system which is also expected to digitalize Initial Public Offering (IPO), allow electronic voting for listed companies during annual general meetings (AGM) for absent shareholders.

The project, which is expected to take eight months once the two parties sign the deal, is part of efforts to have more online investors access for BSEL. Tsheole also revealed that BSEL website will undergo a revamp this year, allowing it to be more analytic, live feed shares, as they trade.“The tender is already out for the website and mobile application. It is a project that we had hoped to implement last year but because of logistic problems, we could not do it,” said Tsheole.

BSEL further plans to introduce two data display screens at CBD and at the stock exchange.“These will assist with information sharing and keep the market updated,” said Tsheole. Meanwhile, BSEL will not change its Automated Trading System (ATS) until 2022, according to Tsheole.“The system supports our strategy to grow the market and increase the average daily turnover levels to 18.0million per day by 2021,” said Tsheole.

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BSE complies with reporting guidelines

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Botswana Stock Exchange Limited (BSEL) has become the 5th bourse in Africa to comply and publish Environment, Social and Governance (ESG) reporting guidelines.

The development comes a year after BSEL became a partner exchange of the United Nations Sustainable Stock Exchange (SSE) Initiative.“The BSE made a commitment to publish guidance on ESG Reporting. This commitment has been fulfilled.“

We are the 42nd among the 81 SSE Partner Exchanges globally and the 5th in Africa to do this,” said Kgotla Segwe, Market Development Specialist at Botswana Stock Exchange Limited.
Other stock exchanges that have complied with the SSE initiative on the continent are from South Africa, Nigeria, Morocco and Egypt.

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