Botswana Stock Exchange (BSE), and Central Securities Depository Botswana (CSDB) will host the 27th meeting of the Africa Middle East Depositories Association (AMEDA) on the 11-12 April, 2018 at Cresta Mowana Safari Lodge in Kasane.
It will be the first time that the AMEDA meeting is held in Botswana and demonstrates BSE commitment to building a world class securities exchange. 28 full members and 8 affiliate members of AMEDA from 32 countries will descend on the tourist town of Kasane for the meeting.
AMEDA is a non-profit organization comprised of Central Securities Depositories and Clearing Houses in Africa and the Middle East and was formed for the benefit of its member community, as an elective, inter-professional and regional facility geared towards fostering the spirit of cooperation, reciprocity and harmony among members.
Its main purpose is to provide a forum for the exchange of information and experiences among its members in a spirit of mutual co-operation.
The CSDB, a 100% owned subsidiary of the BSE was established in 2002 and joined AMEDA in November 2012. The CSDB maintains the Central Securities Depository System, an electronic security register maintained in its capacity as a transfer secretary to all listed companies.
The CSD system has 9 participants; 4 brokers, 3 custodian banks and 3 Market Makers. The system records holdings in the clients’ accounts for the following financial instruments; equities/shares, bonds and Exchange Traded Funds (ETFs). The CSDB has achieved 100% dematerialization, which is the conversion of physical records of investments into electronic records.
