Saturday, October 24, 2020

RMB bullish ahead of listings conference

Rand Merchant Bank Botswana (RMB) has lauded the upcoming Botswana Stock Exchange (BSE) listings conference as a good platform through which it will be able to assist interested companies with information on the benefits of listing on the stock exchange.

In an interview Sunday Standard, RMB Botswana Director- Coverage Boiki Tema said the listing conference will also give interested companies an opportunity to know the processes involved in listing and share experiences with companies that have already listed on the course.

“It is also a good opportunity to have conversations with stakeholders, talk about requirements and skills and form ongoing relationships,” said Tema.

He added that RMB Botswana’s sponsorship of the listings conference is ideally an extension of the merchant bank’s commitment to the development of Botswana’s capital markets. 

“We hold a strong view that everyone has to play a role in developing Botswana’s capital markets. There is a strong need for business to develop interest in the affairs and development of the stock exchange,” said Tema.

In terms of equity capital markets, RMB has been involved in many of the largest public offerings and private placements in Southern Africa, and therefore possesses a wealth of skills and experience that can be applied in Botswana. As well as structuring and underwriting listings, RMB is able to offer clients an equity distribution and research platform with a global reach. RMB Botswana handled the listing of Wilderness Safaris on the BSE with a secondary listing on the Johannesburg Stock Exchange (JSE), which was a first for a Botswana company. RMB Botswana also handled the secondary listing of Botswana-based retailer Choppies Enterprises on the JSE.

“We continue to work with our current customers to establish any new opportunities both in Botswana and further afield,” said Tema.

RMB has extensive deal experience across 35 African countries, and holds a conviction that Africa offers huge investment opportunities which it approaches with country-specific knowledge and African expertise. Tema further stated that their business model is premised on building and nurturing rewarding relationships.

“We are targeting businesses across different stages of development, including emerging businesses. We have extensive local knowledge and skills regarding equity capital markets. In addition to structuring, raising and underwriting listings and placements, we are also able to offer specialist advice on rights offers, share buy-backs, equity linked funding, and advisory solutions as well as research platform with a global rich,” he said.

RMB boasts of a highly experienced, multi-disciplinary corporate advisory team that is one of the largest in Southern Africa. The RMB team has been involved in many of the largest public offerings and private placements of primary and secondary equity and equity-related securities in Southern Africa, skills which they currently use in Botswana.

“We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions. Our knowledge of local financing requirements, legal and jurisdictional frameworks, together with the expertise and balance sheet of FNB, enable us to service the needs of the rapidly expanding Botswana economy,” Tema stated.

RMB Botswana is an African corporate and investment bank built on traditional values and innovative ideas. The vision and primary business objective of RMB is to create sustainable value, unique solutions and superior economic returns for its clients and shareholders in Africa and beyond.

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