New investment firm eyes BSE listing

Thursday, June 25, 2015

A new pan-African focused investment firm, Afinitas Limited, is gearing up for a P30 million Initial Public Offer (IPO) on the Botswana Stock Exchange (BSE).

The greenfield venture, which recently concluded a P90 million private placement, has already been granted regulatory approval to list 240 million ordinary shares on the Venture Capital board of the BSE.

Local fund managers such as African Alliance, Investec and Afena Capital participated in the private placement giving them a respective 25 percent, 7.5 percent and 5.5 percent shareholding in Afinitas.

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