Afinitas Limited To List On Botswana Stock Exchange

Spread the love

afinitas logoAfinitas Limited, a Botswana incorporated company that recently raised P90m from private placement, is gearing up for a listing on the Botswana Stock Exchange. The company is an International Financial Services Company, with a pan-African investment strategy across diverse industry sectors.

According to the company’s calendar, its IPO opened on the 26th June and closes on the 17th of July 2015.It is expected that the listing and trading in Afinitas shares will commence from 27th July 2015.

Afinitas is focused on establishing and developing new businesses across Africa. The company seeks to increase shareholder value by providing the seed investment into a number of new companies focused on different strategies or countries within the continent of Africa. It intends to take advantage of a new interest in Africa as an investment destination, from large institutional investors.

“Afinitas is about the African story. Interest in Africa from European funds is at an all time high, and this is driving the emergence of new investment opportunities within the continent. It is against this backdrop that we created a company which will leverage on Botswana’s IFSC and reputation as an attractive investment destination, to launch into the rest of Africa,” said the Executive Director of Afinitas, Leutlwetse Tumelo.

“In general Africa has, in recent years, experienced a period of rapid economic growth that we believe may reflect a long term, and self-sustaining, positive growth cycle. The business climate in Africa is improving, due to a number of factors such as improved telecommunications and better governance in general. Less intense business competition than in more developed markets may manifest itself in higher achievable rates of return on equity, than in more developed countries,” Tumelo stated.

Application has been made to the Listings Committee of the BSE, which has granted Afinitas a listing of up to 240 000 000 (two hundred and forty million) ordinary shares on the Venture Capital of the Market of the BSE, subject to compliance with the BSE Listings Requirements in respect of number of shareholders, number of shares in issue, and spread. The listing will be on the VCM of the BSE under the abbreviated name “AFINITAS” and share code “AFS”.

error: Content is protected !!