Palapye.com News Blog

source: Mmegi
STAFF WRITER

The pan-African micro-financier, Blue Financial Services, is set to dual list on the Botswana Stock Exchange (BSE) next week in a cash-raising bid to finance new products,while increasing citizen shareholding.

Investor Relations Manager for the lender, Morne Reinders, said from South Africa yesterday that the JSE-listed outfit is listing on the BSE in order to give potential Botswana shareholders both a private and an institutional opportunity to hold publicly-traded shares in Blue.

“We have indicated to the market that we aim to dual list on a number of African exchanges and are proud to announce Botswana as the first of these listings,” Reinders said.

The Botswana listing is the second for the company, after South Africa’s JSE AltX index debut in 2006. Blue operates in Botswana, South Africa and Zambia and it is eyeing other potential markets on the continent for listing after it [continue reading]