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Mathubudukwane hosts Dinokeng Business Expo

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The annual Dinokeng Business Expo this year will take place over two days from June 29 to 30 owing to the fact that one day could not accommodate all planned expo activities.

According to the Expo Coordinator, Karabo Sename, the expo will take place at Cosmos Grounds in Mathubudukwane in the Kgatleng District, under the theme, ‘Advancing Entrepreneurship: Tapping into the basics of theory and practice across the Globe.’
The expo that has been running for three years has now been divided into two days.

On the first, there will be an official opening and judging of stalls, as well as business talks. On the second, all participants will be awarded with certificates of participation and will have an opportunity to interact with their customers and trade. “We will also award three Best Decorated Stalls,” Sename said.

Dinokeng Business Expo involves five Kgatleng district villages; Mabalane, Sikwane, Mathubudukwane, Ramonaka and Malolwane.
The objective is to strengthen capacities of communities in Kgatleng District on enterprise formulation and management; to raise awareness on entrepreneurship opportunities in the district, country as well as regionally; to offer a networking platform for entrepreneurs and clients. The guest of honour will have time to speak and share experiences as well as encourage business people to venture into businesses that will produce solutions to current challenges.

In the first year, expo organisers invited a local influential professional, Papanki Phiri, in the second year they invited the Botswana Stock Exchange CEO, Thapelo Tsheole, and last year they had the Botswana Investment and Trade Centre Acting CEO, Meshack Tshekedi as guest of honour.

“This year, we have decided to invite a well renowned and respected businesswoman who we are still awaiting confirmation from,” Sename said.
One of the successes of the expo is that many that are involved with the organising have been exhibitors themselves in the past. According to Sename, this demonstrates growth of not only the expo but also the participants.

Among young entrepreneurs who have grown over the years partly because of the expo include; Powane Kopo who is into irrigation farming and also part of the expo organising committee, Samatha Peters, a local fashion designer and Sename himself, who now runs a ginger manufacturing and bottling operation in Mathubudukwane.

In addition, more young people in the area are rising to the reality that they need to start and run their own businesses and create employment rather than wait to be employed.

“We have realised that one of the strengthens of this area is in the agriculture sector, and many young people are showing interest,” Sename said, adding that there are already several that are running agricultural projects, especially that they have a reliable water supply from the Madikwe river.
Sename however, decries the fact that currently, they cannot fully implement their plans as a result of lack of funds. He however, acknowledges that sponsors including the Ministry of Youth Empowerment, Sport and Culture Development that have been offering support.

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Business

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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