Frequently asked questions on the BTCL IPO

What is an IPO?
An Initial Public Offering, or IPO, is the first offer by a company of its shares for sale or subscription by members of the public.  The Government is selling 49 percent of its shares in BTCL through an IPO.

22nd January 2016

Letshego issues fresh bond in South Africa

22nd January 2016

Letshego Holdings Limited has announced that the new Johannesburg Stock Exchange (JSE) listed bond notes has boosted its total debt issuance to R880 million on the JSE.

Donkey meat is viable business

22nd January 2016

A livestock farmer in Kopong village has discovered that donkey meat is a viable business as the meat is in high demand.

FNBB H1 profits down

13th January 2016

First National Bank Botswana expects profits for interim period to December 2015 to be lower when compared to the previous corresponding period.
This is according to a statement submitted to the domestic bourse by Chairman Peter Stevenson and Chief Executive Steven Bogatsu.

A novel car wash and money spinner

13th January 2016

Thatayaone Otukile, 22, decided after three years of hard toil at a car wash in Game City, to take a bold step and start his own similar business – Wash Works Botswana.

Uptake of PosoCard unprecedented

13th January 2016

BotswanaPost has had a remarkable uptake on the PosoCard, an innovative e-platform for payments and money transfer for the unbanked. The product, which was launched in 2014, was meant to revolutionise mobile banking and eliminate the need for users to have a cellphone or a bank account in order to transact and benefit from access to a debit card facility.

Exports up in October

13th January 2016

The country’s exports during the month of October 2015 soared by 10, 8 percent to close at P4, 655 billion. This is a notable increase when compared to September’s P4, 2 billion, data sourced from Statistics Botswana shows.

Matambo to deliver budget speech

13th January 2016

Finance and Development Planning minister, Kenneth Ontefetse Matambo will present the 2016/17 budget before parliament in the first week of February. The minister is presenting the budget at a time when the economy has technically entered a recession, on the backdrop of declining diamonds sales.

People over-reacting to my decision-Zuma

13th January 2016

South Africa’s President Jacob Zuma said the reaction to his decision to sack Nhlanhla Nene, as finance minister in December had been an exaggeration.

Botswana Post ups the ante on its property portfolio

9th January 2016

BotswanaPost’s corporate objective of unlocking value from its property portfolio remains top priority; as it continues to diversify its revenue streams as a strategy under guard to move towards self-sustenance, Business Trends has learnt.

Prepare to purchase BTCL shares on Monday

9th January 2016

Botswana Telecommunications Corporation Limited (BTCL) shares will be open to the public starting next week Monday. After delays, government has finally decided to sell part of BTCL to local investors as part of its privatisation initiative first adopted in 2000.

Letshego expands to Nigeria

9th January 2016

Letshego Holdings Limited, the Africa-focused micro lending and deposit-taking group has acquired a 100 percent shareholding in FBN Microfinance Bank (FBN MFB) from its parent, FBN Holdings plc.

Low fuel prices lead to another inflation target breach

9th January 2016

November’s year-on-year headline consumer price inflation (CPI) recorded yet another drop to 2.9 percent - 0.2 percentage points lower than October’s rate of 3.1 percent.

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