Botswana Stock Market to List, State to Cede Control
- Exchange wants to boost transparency, corporate governance
- Flo-Tek, a pipe and tank maker, may list on the exchange
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The Botswana Stock Exchange plans to list its stock within two years and expects the government to cede control of the institution to private investors, Chief Executive Officer Thapelo Tsheole said.
The Gaborone-based exchange, which has 34 traded companies and 49 bonds, is currently about 80% owned by the state, with four brokers holding the rest, Tsheole said in an interview at the Bloomberg Emerging & Frontier Forum in London on Tuesday.