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Online Business registration before year- end

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Companies and Intellectual Property (CIPA) Registrar General, Conductor Masena says they are expecting the implementation of the online registration before the end of this year once Parliament passes the bill.

CIPA will be assisted by the government of New Zealand to implement the Companies and Business Names online. Addressing the media on Tuesday Masena said they strive to improve the ease of doing business in Botswana.

He said this includes continuous monitoring and review of CIPA processes to improve accessibility of services, improvement of turnaround times for their services and providing a conducive environment for both foreign and domestic investment through other review of legal reforms. “Our ultimate objective is to adopt modern management systems and practices that facilitate quick and effective decision making with the ideal of assuring service delivery and efficiency to the business community,” said Masena.

Masena also announced that CIPA will host the Corporate Registers Forum (CRF) on May 15-16 this year. CRF is an international body consisting of corporate registries from around the globe, which exist to allow member organisations to share experiences and information on the present and future operations of corporate business registration systems.

Under the theme, ‘Corporate Registries, a critical Vehicle for global Economic Growth’ participants will be discussing how corporate registries could play a more effective role in advancing their respective economies and thus contributing to the ease of doing business.

“This theme is appropriate as the conference will be discussing how corporate registries could play a more effective role in advancing their respective economies and thus contribute to the ease of doing business,” said Masena. More than 200 delegates from all over the world are expected to attend the conference.

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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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