The IPO of Botswana Telecommunication Corporation Limited is undoubtedly the biggest event recorded by the Botswana Stock Exchange since the year started. Indeed, since it has been launched, it has been found that about 1,000 investors per day submit their offers for the shares at branches of Barclays, the arranger of the transaction.

For government, this is a success as its aimed was to attract a maximum of individual investors. 49% or 462 million shares were offered through the IPO at a unit price of 1 pula. Over the 49% issued, 44% goes to public investors while the firm’s employees can grab the 5% remaining.

“Now it is up to Botswana to this opportunity by the horns and run with it. We are excited to see this company, which was grown by Botswana, now offer more value to Botswana through shareholding,” said Botswana’s Minister of Communications, Tshenolo A. Mabeo.

Idriss Linge