🇧🇼 Botswana Stock Exchange

A new investment firm, Afinitas yesterday listed 213 million shares at P1 per share on the Botswana Stock Exchange (BSE) despite its Initial Public Offer (IPO) being heavily under-subscribed.

Market making is described as the act of simultaneously submitting bid and offer prices into the Automated Trading System (ATS) with the intention of infusing liquidity in securities that are not frequently traded on the stock exchange.

The Lobatse-based pipe manufacturing firm, Flo-Tek is pondering on listing on the Botswana Stock Exchange (BSE).

Choppies Supermarket is set to continue its expansion in to the African markets as it seeks to purchase 10 supermarkets in Kenya valued at almost P100 million (US$10 million).