BTCL IPO announcement by Honourable Minister Molefhi

Ministry of Transport and Communications (MTC), Public Enterprises Evaluation and Privatisation Agency (PEEPA) and Botswana Telecommunications Corporation Limited (BTCL), today held the first of two diPitso on the upcoming BTCL IPO.

Held in Gaborone, the pitso attracted Batswana eager to learn more about the highly anticipated share offering billed for November 2014. Amongst key speakers were Honourable Minister Nonofo Molefhi; Permanent Secretary (MTC) Tsaone Thebe; BTCL MD, Paul Taylor; PEEPA CEO, Kgotla Ramaphane; Botswana Stock Exchange DCEO, Thapelo Tsheole; and BTCL Board Chair, Daphne Matlakala.

Said the Honourable Minister, “This IPO, or share offering, presents a unique opportunity to Batswana. It provides an opportunity for the investing public and institutional investors in Botswana to participate in the Telecommunications Sector; an opportunity to reduce Government’s financial commitments and operational involvement in the Telecommunications Sector; an opportunity to enhance investors’ awareness and profile of BTCL; and an opportunity to ensure that the greater population of Botswana are beneficiaries of the privatisation through maximising national ownership.”

In addition to the key facts shared around the historic bourse listing, over 400 Batswana in attendance were engaged and informed on such key aspects as the sense of inclusion offered through the BTCL IPO – “ya rona rotlhe.” Attendants were advise don the fact that a gereat deal of work has gone into ensuring that the BTCL IPO is a success, as well as the fact that the a strong growth strategy is in place to ensure positive returns.

A second Pitso will be held in Francistown on Friday 10th October 2014 at Civic Centre from 0900-12.30hrs. MTC, PEEPA and BTCL invite all members of the public to attend.