PRESS RELEASE: BOTSWANA STOCK EXCHANGE CEO, THAPELO TSHEOLE ELECTED PRESIDENT OF AFRICAN SECURITIES EXCHANGES ASSOCIATION (ASEA)

It is with great pleasure that we announce that the Botswana Stock Exchange (BSE) Chief Executive Officer, Thapelo Tsheole, has been elected President of the African Securities Exchange Association (ASEA) at the Executive Committee meeting held in Abidjan, Cote d’voire on Wednesday. Tsheole takes over the Presidency from Dr. Edoh Kossi Amenounve, CEO of BVRM. The Vice President of ASEA is Celestin Rwabukumba, CEO of Rwanda Stock Exchange, who was elected at the same meeting.

Established in 1993, as of 2002 ASEA Comprises of six associate members and 28full members serving38 countries. More than 1100 companies are listed on its member exchanges with a total market capitalization of $2trn. ASEA aims to develop member exchanges and provide a platform for networking and cooperating on areas of mutual importance. The association also aims to unlock the potential of African capital markets and enhance the development and global competitiveness of member exchanges.

Commenting on this milestone, the BSE CEO, Mr. Thapelo Tsheole, ‘thanked his predecessor Dr. Amenouve and ASEA members of their resounding support and confidence in his leadership. He promised to lead ASEA to success by increasing the size of the market and introducing new initiatives that will develop African capital markets’.

The BSE Board and Management would like to wish Mr. Tsheole well in his elections as President of ASEA.