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BSE grows company profile.

Botswana Stock Exchange (BSE), and the Central Securities Depository Botswana (CSDB) will host the 27th meeting of the Africa Middle East Depositories Association (AMEDA) on April, 11-12, 2018 at Cresta Mowana Safari Lodge in Kasane.

A press release from Botswana Stock Exchange says hosting this meeting is a huge achievement for the BSE and Botswana as a whole as it will be the first time that the AMEDA meeting is held in Botswana.

It says this, therefore demonstrates their prowess and commitment to building a world class securities exchange as about 28 full members and eight affiliate members of AMEDA from about 32 countries around the world will descend on the tourist town of Kasane for the meeting.

It says AMEDA meetings are dedicated to review of the association's financial performance, as well as conducting workshops on relevant topics that impact the operations of Central Securities Depositories in AMEDA region.

AMEDA is a non-profit organization comprising of Central Securities Depositories and Clearing Houses in Africa and the Middle East and was formed for the benefit of its member communities, as an elective, inter-professional and regional facility geared towards fostering the spirit of cooperation, reciprocity and harmony among members.

It says its main purpose is to provide a forum for the exchange of information and experiences among its members in a spirit of mutual cooperation. According to the release, the CSDB, a 100 per cent owned subsidiary of the BSE was established in 2002, and joined AMEDA in November 2012. 'The CSDB maintains the Central Securities Depository System, an electronic security register maintained in its capacity as a transfer secretary to all listed companies.

The CSD system has nine participants; four brokers, three custodian banks and three market makers,'says the release.

Furthermore, it says their system records holdings in the clients' accounts for equities/shares, bonds and Exchange Traded Funds.

The CSDB has achieved 100 per cent dematerialisation, which is the conversion of physical records of investments into electronic records.

The number of accounts opened by investors (excluding joint accounts and multiple registrations) as at December 31, 2017 stood at 80,641.

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Publication:Botswana Daily News (Gaborone, Botswana)
Geographic Code:6BOTS
Date:Jan 28, 2018
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