n African Finance Journal - Development of the capital market in Botswana

Volume 3, Issue 1
  • ISSN : 1605-9786



During its early days the capital market in Botswana was inadequate with respect to providing the required long-term developmental finance. It was for this reason that the Government of Botswana took an active role in long-term lending to the parastatals via external borrowings. Meanwhile, the government, on seeing the need to set up a market where organisers could raise the development finance, set the ball rolling in the direction of the establishment of a market for shares. In this paper, we bring out government?s realisation of the need for a capital market, and the path that was followed in the development of such a market. Finally, we address the possible reasons for the tardy growth posted by this market, and identify several ways of stimulating the market growth.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error