https://www.engineeringnews.co.za

Botswana is an attractive destination for mining investment

1st September 2015

  

Font size: - +

This article has been supplied.

Company Announcement- Botswana’s attraction as a destination for mining investors and the numerous fund raising opportunities available were some of the main messages from Rand Merchant Bank Botswana client relationship manager Kabo Molimi who was speaking (on Tuesday 1st September) at the Electra Mining Botswana 2015. The exhibition and seminar, held in Gaborone, promotes the mining, industrial and power sectors in Botswana.

“Botswana has no exchange controls, has a good legal framework, enforceable laws and stable labour relations, and is therefore an attractive destination for mining investors,” Molimi said. “Though capital markets are small, banks have the capacity to fund the right mining projects while huge opportunities exist to raise funds with pension funds. Botswana is open for business.”

Recent improved liquidity positions in the market give more room for intermediation while options exist for debt syndication with local banks. Investment banks can also sponsor asset-backed commercial paper vehicles as an alternative funding source to traditional bank funding. In addition, the Botswana Stock Exchange offers the opportunity to raise funds through IPOs and bond programmes while the Government of the Republic of Botswana (GRB) is an active investment partner in mining projects as, upon issuing a mining license, it has the option of acquiring up to 15% working interest participation in the mine.

“RMB Botswana, a division of FNB Botswana, has a good understanding of the Botswana mining space and, as well as a full spectrum of investment banking products, offers our clients in-depth, local knowledge and entrepreneurial, innovative solutions to all mining requirements,” Molimi said. “We have been involved in funding and advising some of Botswana’s most prominent mining transactions.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.964s - 143pq - 2rq
Subscribe Now