🇧🇼 Botswana Stock Exchange

Botswana Telecommunications Corporation Limited (BTCL) shares surged 30 percent to P1.30 on its first day of trading on the Botswana Stock Exchange on Friday.

Botswana Telecommunications Corporation Limited (BTCL) on Friday listed on the local bourse, more than a month after the closure of its initial public offer (IPO) in which it disposed of 50 percent of its shares to citizens and other local investors.BTCL managing director Paul Taylor described the listing on the Botswana Stock Exchange as “an incredible and truly historic time for Botswana and a truly humbling moment for all of us at BTCL.”

Anglo American plc has entered into a Sale and Purchase Agreement with a consortium led by Taurus Fund Management to sell its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia.

The IPO period for Botswana Telecommunications Corporation Ltd (BTCL) drew to a close earlier this month after a flurry of interest, paving the way for an April listing, the telco announced on Monday.