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Debswana donates to Masiela Trust

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Masiela Trust Fund has received a major financial boost from diamond mining company Debswana towards the Trust initiatives, which are mostly aimed at improving the lives of the most vulnerable of the society.

Speaking at the handing over of the P200, 000 cheque, Debswana Managing Director, Balisi Bonyongo said his company always found it fit to helps those less fortunate. “We are all concerned and willing to do something about the plight of neglected and marginalised children in our society.” The Debswana boss informed the attendants that 2016 is the year to demonstrate commitment to the Botswana’s Vision 2016 Pillar of “A Compassionate, Just and Caring Nation” by caring for Masiela kids. 

Chairperson of the board of Masiela Trust Fund, Gulaam Abdoola who received the cheque on behalf of the Trust thanked Debswana for its contribution.

However, he lamented that the contributions they receive from companies and individuals are still insufficient to meet all the needs of the children.
The Minister of Education and Skills Development, Dr. Unity Dow who personally pledged P10 000 encouraged everyone to make any type of contribution or donation to the Masiela Trust. She said having worked in an organisation of that nature before, she knows the financial challenges and other complications that come with these organisations.

As part of the company’s CSR commitment to the needy, in 1999 Debswana donated a housing complex known as the Mpule Kwelagobe Children’s Centre in Jwaneng which started operating in the year 2000. The facility occupies a space of 25,000 square metres and comprises 210 rooms, which can accommodate approximately 420 children.

In 2009, Debswana also constructed a house at SOS Children’s village in Serowe as part of the first family houses.  Masiela Trust, a non-Government Organisation established in 2001 to complement the government in caring, supporting and protecting orphans and vulnerable children.

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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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