How to start investing in the local stock market

Good morning, let’s get into it!

I know it seems like I take all of you as beginners, no, there are some who joined this newsletter, especially students, who are clueless about this, so this is for them.

In Botswana, your shares aren't held in a bank account; they are kept in a CSD (Central Securities Depository) account. To get one, you need a "KYC" (Know Your Customer) pack.

If you’re a student or renting a backroom, gathering these documents can feel like a mission. Here is how to "hack" the requirements:

• Proof of Residence Hack: If you don't have a bill in your name, go to your nearest Police Station with your landlord or a parent. You can sign a Residential Affidavit for free. It’s a legal declaration that confirms where you live, and brokers accept it!

• Proof of Income Hack: You don’t need a P20,000 salary. If you’re a student, a 3-month bank statement showing your monthly allowance or part-time earnings is usually enough to prove you have funds to invest.

• The "Certified" Rule: Make sure your Omang (or Passport) is certified. You can do this at the same police station where you get your affidavit.

Choose one of the four licensed brokers (Motswedi Capital or Imara Capital ) and look up their email address. Sending them a quick "What are your requirements?" email is the first step to owning a piece of Botswana’s future.