The Initial Public Offering (IPO) of shares by Botswana Telecommunication Corporation Limited (BTCL) will give every Motswana an opportunity to be a shareholder of the corporation and share in the profits.
Botswana Stock Exchange (BSE) official, Mr Thabelo Nemaorani said this in response to a questionnaire.
He said BTCL would start trading on the local bourse come April 8, and that the corporation’s shares were opened to the public on January 11, 2016.
However, Mr Nemaorani observed that for those who already own other stock, this was an opportunity to diversify their portfolios by buying into a company that exists in a new industry to the BSE.
He said the listing of BTCL would increase the market capitalisation and expand the product offering of the BSE more so because this would be the first listing of a telecommunications company on the BSE.