The Botswana Stock Exchange (BSE) and Stanbic Bank have joined forces to introduce the country’s inaugural tech-driven platform aimed at promoting financial literacy and cultivating an investment culture.
Digitizing the Stock Market Botswana Aims to Promote Financial Inclusion
Unveiled this week, the simulation platform offers aspiring investors a hands-on experience in stock trading, enabling them to grasp fundamental trading principles, stock selection techniques, and portfolio management strategies within a virtual environment.
The collaboration between the BSE and Stanbic Bank Botswana, with the latter committing $110,000 (P1.485m) over three years, underscores the power of partnerships in addressing societal needs.
To enhance awareness of the platform, the BSE and Stanbic Bank Botswana are integrating the Stock Market Simulator into the annual Senior Secondary School Finance and Investment Competition, a program introduced to instill financial management skills among students and foster a culture of investing and saving from a young age.
Accessible via the BSE’s website, as well as the App Store and Google Play, the Stock Market Simulator aims to cater to individuals of varying backgrounds and levels of experience in finance.
Demystify the Stock Market
Thapelo Tsheole, CEO of BSE, emphasized the platform’s user-friendly interfaces and comprehensive educational resources, designed to demystify the stock market and make investing more accessible and engaging for all.
He said: “It (the simulator) is designed to cater to individuals of all backgrounds and levels of experience, from seasoned investors to those taking their first steps into the world of finance.
Chose Modise, CEO of Stanbic Bank Botswana, highlighted the platform’s role in democratizing access to financial markets and promoting informed investment decision-making.
Aligned with the bank’s commitment to financial education and inclusion, the initiative aligns with the BSE’s broader efforts to bolster market education and drive greater participation in the financial sector.
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