X-News, a news service launched by the Botswana Stock Exchange (BSE), has recently been introduced as the latest offering from the local bourse.
In a media briefing, Hiran Mendis, the BSE’s Chief Executive Officer, revealed X-News to be a strategic part of the BSE’s plan to become a comprehensive repository of exchange-related information. The initiative aims to balance the information asymmetry often found in stock exchanges,” Mendis explained.
The BSE’s information department reported that the service was initially introduced on a trial basis on August 1st and will be globally available from September 1st, 2014. Starting from this date, listed company information will be dispatched by the BSE through X-News. This will be simultaneously visible on both the Automated Trading System (ATS) message board and the BSE website.
Mendis added that subscribers to X-News’ email service would receive a link to the publications to their registered email addresses within 15 minutes of upload onto the ATSM and BSE website. Some X-News updates will also be published in the print media as quickly as possible, following BSE approval.
The BSE is confident that X-News will contribute to the prompt, fair, and efficient release of market information, which are crucial conditions for a fair market without insider trading. Tsametse Mmolai, the BSE’s Listing and Trading Manager, echoed these sentiments.
The company’s listings requirements have been revised and approved by both the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) and the BSE in order to facilitate the full implementation of X-News. The NBFIRA oversees all non-banking services in Botswana.
X-News services are also utilized by the Johannesburg Stock Exchange and the London Stock Exchange. Recognizing its success, the BSE decided to adopt X-News in order to fulfill the demand for instant and continuously updated information. Mmolai elaborated, “Offshore investors often struggle to access the information published in our local newspapers. X-News provides invaluable alerts via email for those users who constantly seek updates.”
The BSE currently hosts 37 companies, with 23 listed on the domestic board and the rest on the foreign exchange.
Light edits were made in 2025 to improve clarity and relevance.
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
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