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MilkAfric sponsors students for dairy production course

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Some Batswana students jetted outside the country this week for an intensive training on dairy production, courtesy of MilkAfric.

This Tuesday, the company, which is developing a dairy project in Lobatse with the local town council, hosted a send-off for fifteen Batswana students going to the University of Florida, USA, to begin the MilkAfric Dairymen Training Programme.

The students are part of the human capital investment in Botswana by MilkAfric. Training costs, MilkAfric pays for subsistence, and travel, and the students have each signed contractual agreements for future employment with MilkAfric.

“We are excited by the sustainable investment that we are making through the apprenticeship of the fifteen, young Batswana Dairymen trainees. Upon their return, these trainees will be well-equipped and competent in all aspects of dairy management,” said the excited MilkAfric CEO, Phil Matibe.

The company is also sponsoring five Ministry of Agriculture dairy officers, out of the fifteen students, to train in the same programme in the United States. Upon their successful completion, they will return to the Ministry of Agriculture to engage in dairy extension work across Botswana helping small-holder farmers in developing viable dairy enterprises.

The Dairymen students will be trained in all aspects of dairy management within the milking facilities at Alliance Dairies. On any given day, they will have an opportunity to interact with twelve thousand milking cows and all the supporting staff at Alliance Dairies, including world-class animal science professors from the University of Florida.

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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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