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Eleven weeks to CEDA/DBSA deadline

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Students in selected institutions of high learning have about 11 weeks to submit their proposals for the grand prize of P250 000 in the CEDA/DBSA University Challenge that was launched in March this year. This is the second year of the competition – a partnership between the Citizen Entrepreneurial Development Agency (CEDA) and the Development Bank of Southern Africa (DBSA). The Challenge that closes on August 3, 2018, has since been extended to include participation of the general public.

According to organisers, the University Challenge maintains the theme of addressing issues of unemployment in Botswana, therefore seeks to support and fund practical localised, viable, and sustainable solutions to address the high employment levels. This year, three more institutions; Institution of Development Management (IDM), Botswana Open University and Boitekanelo College have been included in the competition. Other institutions include; University of Botswana, Botswana International University of Science and Technology (BIUST), Botswana University of Agriculture and Natural Resources (BUAN), Botho University, Gaborone University College of Law, ABM University College, Ba Isago University, Limkokwing University of Creative Technology, Gaborone Institute of Professional Studies (GIPS) and Botswana Accountancy College (BAC). The University Challenge remains eligible to only Batswana students in the participating institutions. The 2017 University Challenge was won by Lebogang Pule of Botswana University of Agriculture and Natural Resources (BUAN) who received the grand prize of P200 000. Applicants can log on to the CEDA website to download the guidelines and entry forms. 

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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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