WFE affiliation to shore-up BSE’s image internationally

Botswana Stock Exchange (BSE) is now an affiliate exchange of World Federation of Exchanges (WFE)—a move that will expose the local bourse internationally. According to BSE, through this affiliation, they will benefit from participation in the WFE workshops, events, annual meetings, research, capital markets statistics and studies that provide useful support to the BSE’s development. 

Mr. Thapelo Tsheole, BSE CEO
Mr. Thapelo Tsheole, BSE CEO

Equally, it will also promote the dissemination of BSE information and market statistics through the WFE network across the world and hence benefit from publicity and integrity of such a network. It is an opportunity for the BSE to benefit from knowledge transfer and expertise sharing in virtually every aspect of the capital market: the technical, the commercial, the legal and the economic aspects, it said.

BSE chief executive officer, Thapelo Tsheole added that the local exchange is an important institution in both its size relative to the economy and its role in promoting the creation and flow of investment capital in Botswana.

“We are honoured to be accepted as an Affiliate Exchange of the WFE. This relationship with the WFE is a cornerstone of the BSE’s vision of becoming the leading Exchange in Africa. It is in our best interest to align with international best practice in the global securities and exchange industry and adapt to the evolving and fast changing global investment environment,” said Tsheole.

He said their affiliation with the WFE will help them promote the integrity of the domestic capital market and align ‘our capital market standards’ with international best practice. “We intend to utilize our affiliation with the WFE to position the BSE as the ideal investment destination leveraging on Botswana’s competitive advantages and to lure global fund managers and sovereign wealth funds with frontier and emerging market investment strategies.”