NEWGOLD ETF gains P11.00

Good evening, here’s what has been happening this week

Mr T. Tsheole CEO of Botswana Stock Exchange becomes new CEO of Rwanda’s Capital Market Authority

NEWGOLD gains P11.00 to P303.00 on the 26 April 2024

Botswana Insurance Holdings Limited gained 5t to end the day trading at P20.25 on the 24 April 2024

First National Bank Botswana Limited gained 1t to end the day trading at P4.69 on the 24 April 2024

NEWGOLD ETF

As in the headline the ETF NEWGOLD has gained P11.00 today to end the week at P303.00 from P292.00, the ETF which is a debt instrument that tracks gold continues its run as gold price continues soaring

Mr T. Tsheole CEO of Botswana Stock Exchange becomes new CEO of Rwanda’s Capital Market Authority

Thapelo Tsheole, former CEO of the Botswana Stock Exchange (BSE), brings his distinguished 8-year tenure to a close, marked by transformative achievements. His appointment as the new CEO of Rwanda's Capital Market Authority signals a pivotal moment for Rwanda's financial landscape. Tsheole's leadership at the BSE was characterized by notable milestones, including securing substantial funding for the Africa Exchange Linkages project and forging strategic partnerships with key entities like the African Union and UNECA. His commitment to fostering intra-Africa trade and enhancing cross-border connectivity among stock exchanges has been central to his vision. Despite challenges such as settlement issues and currency volatility, Tsheole's strategic alliances paved the way for seamless cross-border trading. Under his stewardship, the BSE witnessed significant growth, achieving demutualization, financial sustainability, and the introduction of innovative financial products. His leadership garnered international recognition and membership in prestigious organizations like the World Federation of Exchanges. Now, as he transitions to Rwanda, Tsheole's mandate is clear: to leverage his expertise and experience to drive growth and development in Rwanda's capital markets. His appointment reflects the importance of experienced leadership in advancing Africa's financial markets and bodes well for Rwanda's capital market development.