Chief Executive Officer (CEO) of Botswana Stock Exchange (BSE), Thapelo Tsheole has been elected Chairman of the Committee of SADC Stock Exchanges (CoSSE), a position he will assume for the next two years. Chief Executive Officer of the Malawi Stock Exchange, John Kamanga has been elected as Deputy Chairman.
The election took place at the just ended 53rd CoSSE meeting held in Maseru, Lesotho. As Chairman, Tsheole takes over from Zeona Jacobs of the Johannesburg Securities Exchanges (JSE).
CoSSE was formed in 1996 with the objective of improving the operational, regulatory and technical underpinnings and capabilities of SADC Exchanges in order to make their securities markets more attractive to both regional and international investors.
The committee also aims to increase market liquidity and enhance trading in various securities and financial instruments, as well as encourage the development of a harmonized securities market environment within the SADC region. Currently, the membership of the committee comprises of 14 stock exchanges from 13 countries.