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Orange eCattle app

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Orange Botswana has given 10 000 Euros (about P121, 000) to a young application developer, Kabo Raditladi who developed eCattle application in the Orange Botswana Developer Challenge competition. The application is a solution based mobile application that is expected to help local farmers trace their lost cattle.

Through the application farmers register on the application Unstructured Supplementary Service Data (USSD) to enable them to get a notification by SMS each time their cattle are housed at Matimela kraal. The online challenge, which ended in November, targets start-ups and developers from Africa and the Middle East countries and is aimed at boosting innovation in the region.

Speaking during the award ceremony last week, Gazza Motswagole who was part of the jury panellists, said they received a total of 20 entries from local developers. “From the 20 ideas we received, the evaluation committee picked the top 10 ideas. The 10 shortlisted developers were then given access to Orange APIs to develop and integrate their services and the winner, Raditladi, was identified after this process,” he said.

The challenge which was open to African developers who reside in the countries that Orange operates in is one way that Orange continues to support innovation and the use of technology to improve the lives of communities in which it operates. According to a statement from Orange, the competition ran across 12 countries with each country expected to crown and announce its top three local projects after which the local winner is entered into the group challenge where they could walk away with 10 000 Euros if they became the overall winners.

Raditladi, 23, who is currently a student at Botswana Accountancy College (BAC), will now compete in the top 12 with developers from 12 different countries. The final winner will be selected on November 25.

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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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