Botswana Stock Exchange

Exchange entity Botswana Stock Exchange
Conducts business in Botswana
Number of listed companies (May/17) 34
Domestic market capitalization  (in Million USD, 07/17)  4,622.8
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? No
Requires ESG reporting as a listing rule? No
  • However, the New BSE Listing Requirements (that commence on the 1st of June 2016) will require the Listed Companies to adopt the Botswana Corporate Code of Governance, and this Code prescribes that companies should published Integrated Reports.
Offers written guidance on ESG reporting? No, but has committed to publishing a guidance.
Offers ESG related training? No
Provides sustainability-related indices? No
Has green bond listings? No
Additional Information
Organizational model of stock exchange

BSE is a statutory body created by an Act of Parliament of 1994. It is governed by the BSE Act pending the commencement of the Securities Act which will replace the BSE Act. Pursuant to the commencement of the BSE Transition Act in December 2015, the BSE has commenced the process of Demutualization.

Regulatory bodies
Regulatory model BSE is regulated by NBFIRA. Although the BSE promulgates the Listing Requirements and the Members Rules, NBFIRA gives approval of the Rules and Regulations.
About the stock exchange
  • The Botswana Stock Exchange is Botswana’s national stock exchange given the responsibility to operate and regulate the equities and fixed interest securities market. Formally established in 1989, the BSE continues to be pivotal to Botswana’s financial system, and in particular the capital market, as an avenue on which government,quasi- government and the private sector can raise debt and equity capital. The BSE plays host to the most preeminent companies doing business in Botswana. These companies represent a spectrum of industries and commerce, from Banking and financial services to Wholesaling and Retailing, Tourism and Information Technology.
  • To date, the BSE is one of Africa’s best performing stock exchanges, averaging 24% aggregate return in the past decade. This has allowed the BSE to be the third largest stock exchange in terms of market capitalization, in Southern Africa.