INVITATION TO ATTEND THE SUSTAINABLE/ GREEN BONDS REGIONAL WORKSHOP- SADC GREEN BOND PROGRAMME

By | Upcoming Events

The Committee of SADC Stock Exchanges (CoSSE) in partnership with FSD Africa cordially invites valued stakeholders to attend a three-day Sustainable/Green Bonds Regional Workshop – SADC Green Bond Programme, scheduled for 20th – 22nd February, 2023 at the Cresta Mowana Safari Resort & Spa in Kasane, Botswana.

This comprehensive three-day agenda will cover;
• Overview of the Sustainable Bond Market
• Sustainable Bond Issuance
• Review of Green Sector Standards
• Framework Development
• Legal Compliance & Green Bond Listing Requirements Verifiers Sessions
• Case Studies & Group Discussions
• Presentations from SADC Green Bond Issuers

Facilitation will be conducted by FSD Africa Senior Specialist, Mr. Vilmar Parmar and SADC Green Bond Program Manager, Ms. Cecilia Bjerbon Murai.

To register for this Workshop, please contact the CoSSE Secretariat via e-mail on cossesecretariat@bse.co.bw.


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SADC GUIDELINES FOR SUSTAINABILITY BONDS

By | Uncategorized

The increased frequency and costs of climate change impacts in Africa are predicted to result
in extreme losses to agriculture production, livestock, water supply, and human health.
These, if not abetted, can in time lead to, or exacerbate existing, social, economic and
national security issues. Meeting these challenges will require the continent to take advantage of a diverse range of ‘green’ and ‘sustainable’ capital raising tools and sources of funding to raise funds for sectors such as sustainable agriculture, green resilient infrastructure for transport, water, and waste
management, with the goal of promoting sustainable, inclusive and equitable economic growth, reducing inequalities, creating greater opportunities for all and promoting sustainable management of natural resources and ecosystems.
Green, Social, Gender, Sustainability, Sustainability-Linked and other sustainability-themed bonds (hereinafter collectively referred to as ‘Sustainable Bonds’) are one tool that can offer the African capital markets an opportunity to leverage private capital at scale towards building more climate-resilient and sustainable economies. This Guide is aimed at the capital market institutions, mainly the Exchanges but also other market players, with the objective to provide guidance on the steps towards establishing
Sustainable Bond market regulatory frameworks in the SADC region in line with international best
practices and standards. The development of this Guide was sponsored and led by Financial Sector Deepening Africa (FSD Africa) in collaboration with the Committee of SADC Stock Exchanges (CoSSE) with the participation of other key SADC institutions and stakeholders.
In drafting the Guide, a high-level market scoping was done with the aim of ensuring that the Guide is harmonised with other Green, Social and Sustainability Bond Guidelines in the region, see further in Annex 1.

BSE CEO, MR. THAPELO TSHEOLE, RE-ELECTED CHAIRPERSON OF CoSSE

By | Uncategorized

For Immediate Release, 29th March 2022: The Botswana Stock Exchange (BSE) is pleased to announce the re-election of BSE CEO Mr. Thapelo Tsheole as the Chairperson of the Committee of SADC Stock Exchanges (CoSSE) with immediate effect. Mr. John Kamanga, CEO of Malawi Stock Exchange, has also been re-elected as Deputy Chairperson of CoSSE. The re-election took place at the 60th virtual CoSSE meeting held today. 

Mr. Tsheole’s re-election is the second one since his initial election as the Chairperson of CoSSE in 2018, where he took over from Ms. Zeona Jacobs of the Johannesburg Stock Exchanges (JSE). His term will run until March 2024. 

CoSSE was formed in 1997 to improve the operational, regulatory and technical underpinnings and capabilities of SADC Exchanges to make their securities markets more attractive to regional and international investors. The Committee also aims to increase market liquidity, enhance trading in various securities and financial instruments, and encourage a harmonised securities market environment within the SADC region. Currently, the Committee comprises 14 stock exchanges from 13 countries. 

Commenting on the re-election, the BSE CEO, Mr. Thapelo Tsheole, said, “I am honoured by the consistent support from my colleagues and the confidence they have bestowed upon me to continue to serve this exceptional Committee for another two years. CoSSE is making great strides in multiple strategic initiatives, which would not be possible without the concerted efforts and commitment of SADC Exchanges to foster the advancement of the regional markets to greater heights.”

Some of the notable achievements during Mr. Tsheole’s tenure include the launch of the SADC Green Bond Programme designed to accelerate the take-up of Green Bonds as a tool for SADC member countries to tap into domestic and international investors to finance green projects and assets. Additionally, CoSSE, under Mr. Tsheole’s leadership, has a significant role to play in the projects that aim to foster regional financial integration and macroeconomic convergence in SADC.

Source: www.bse.co.bw

For more information, contact;               

Market Development Department

(+267) 3674400marketdev@bse.co.bw

SADC Green Finance Demand Study

By | Uncategorized

https://www.cosse.africa/wp-content/uploads/2022/02/FSD-Africa-SADC-Green-Finance-Study-Final-202225-1.pdf

Africa is under pressure to develop its green finance market for two crucial reasons. The first is to significantly and sustainably respond to climate change, as the continent is vulnerable to the severe effects of climate change. Secondly, African private and public sectors lag behind other emerging markets in green (and sustainability) bond issuances. The SADC Green Bond Programme serves to address the aforementioned challenges in general, and in particular, the embryonic status of the green finance market in the SADC region.

Since its official launch in March 2021, the Programme has made commendable headway in implementing its core strategic objective of developing the green bond market in SADC – which is demonstrated by the publishing of this SADC Green Finance Demand Study. Considering that the development of the capital market ecosystem depends on timely empirical information, the importance of this study cannot be overstated. Not only does it bridge the existing knowledge gap regarding green investment opportunities and barriers in the SADC region, but it is also underpinned by one of CoSSE’s mandates, which is to encourage the transfer of securities markets’ intellectual capital and technical expertise among member Exchanges of CoSSE.