en.Wedoany.com Reported - During the CIM Connect event in Vancouver, Canada, Neo Mooki, Chairman of the Botswana Stock Exchange, stated that Botswana is promoting its stock exchange to Canadian mining companies as a financing option for copper and battery metal projects. Botswana is striving to reduce its reliance on diamonds and diversify its economy.

Mooki pointed out to Henry Lazenby, Western Editor of The Northern Miner, that the foundation of this investment opportunity lies in capital and liquidity advantages, as Botswana imposes no restrictions on the inflow or outflow of currency. The total market capitalization of the Botswana Stock Exchange reached $72.2 billion earlier this month. "Africa is not short of capital. There is plenty of capital in Africa," Mooki said. He also emphasized, "The market wants to finance the next round of mine construction."

According to Mooki, Botswana's economy is still dominated by diamonds, which account for approximately 80% of exports and a quarter of the gross domestic product. However, data from Statistics Botswana in January 2025 showed that copper's share of exports had reached 32.2%, while diamonds accounted for 49.3%. This shift explains why Botswana is actively attracting more international mine builders and mining investors. As a financing platform, the Botswana Stock Exchange is focusing on serving the development needs of copper and battery metal projects to seize opportunities presented by the global energy transition.

Mooki emphasized that the liquidity advantages and market depth of the Botswana Stock Exchange enable it to provide stable capital support for copper and battery metal projects. He mentioned that the exchange's total market capitalization surpassing $72.2 billion demonstrates the potential of Africa's local capital markets. With the rising proportion of copper exports, Botswana hopes to leverage the stock exchange to attract more Canadian mining companies to participate in exploration and development, thereby further driving investment growth in the mining sector. This strategy aims to help Botswana build a more balanced economic structure beyond diamonds through financing for copper and battery metal projects.

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