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Access to African investment opportunities is expanding through a proposed issuance of Botswana Depository Receipts (BDRs) linked to Dangote Petroleum Refinery and Petrochemical FZE, offering domestic investors a route to gain exposure to one of the continent’s major energy and industrial ventures.
The Botswana Stock Exchange (BSE) and Access Bank Botswana jointly hosted an investor roadshow in Gaborone, bringing together institutional investors, capital market stakeholders and the leadership of the Dangote Group to discuss the proposed issuance. Access Bank Botswana will act as issuer, with the Committee of SADC Stock Exchanges (CoSSE) supporting regional participation.
Opening the event on behalf of the Government of Botswana, Minerals and Energy Minister Bogolo Joy Kenewendo highlighted the initiative’s potential to advance African ownership, strengthen energy resilience and support industrialisation. She also commended Access Bank, the Botswana Stock Exchange and CoSSE for their roles in facilitating the initiative, noting that Botswana’s future prosperity lies not only in its mineral resources but also in leveraging its financial markets to mobilise investment, partner with leading African enterprises and ensure inclusive economic growth.
The Assistant Minister of Trade and Entrepreneurship Baratiwa Mathoothe also attended, reflecting the government’s interest in initiatives that encourage regional investment and economic integration. Access Bank Botswana Managing Director Shep Aisam outlined the proposed BDR structure, while CoSSE Chairperson Collen Tapfumaneyi discussed the potential benefits for investors across the Southern African Development Community and the channels through which participants could access the opportunity. BSE Board Chairperson Neo Mooki highlighted the Exchange’s role in facilitating cross-border investment and strengthening Botswana’s position within Africa’s capital markets.
A central feature of the roadshow was a presentation by the Founder and President of the Dangote Group, Aliko Dangote, on the refinery’s development and its wider contribution to Africa’s industrialisation and economic transformation. Group Chief Financial Officer Murat Erden provided further details on the proposed transaction and the investment opportunity, followed by a question-and-answer session with investors.
Closing the event, BSE Chief Executive Officer Aupa Monyatsi said the proposed issuance could broaden the range of investment opportunities available through Botswana’s domestic market. It also offers a potential route for Botswana-based investors to gain exposure to a major African enterprise without relying solely on direct access to a foreign exchange.
The initiative places regional capital-market integration in sharper focus, highlighting how domestic exchanges could help channel investment across borders and connect African savings with businesses operating in strategic sectors. Its eventual impact will depend on the transaction’s final terms, investor uptake and the accessibility of the receipts to eligible participants.
