The Abu Dhabi Securities Exchange (ADX) has signed an agreement with the Botswana Stock Exchange (BSE), in a move which makes the venue the first African exchange to join the Tabadul hub.
Currently, Tabadul links markets spanning more than $1 trillion in combines market capitalisation, and the partnership creates a direct link between the Middle East and Botswana securities markets.
The agreement also makes the BSE the eleventh member of the cross-border trading and market connectivity platform.
Abdulla Salem Alnuaimi, group chief executive of ADX, said: “When we launched Tabadul, our vision was to create a digital bridge for seamless cross-border trading.
“Today, Tabadul connects the capital markets of the Middle East and Africa, giving millions of investors greater access to high-growth opportunities while strengthening market connectivity. From ADX’s perspective, by expanding regional investment corridors, Tabadul contributes to advancing Abu Dhabi’s position as a leading global financial and investment hub.”
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The integration between ADX and BSE is set to establish mutual market access between the two regions, and will provide a single gateway for investors to access cross-border opportunities.
Specifically, investors in the Middle East will be able to trade different instruments on the BSE via local brokerages, while counterparts in Botswana will be able to do the same.
Moreover, both firms also confirmed that the agreement has largely been driven by sustained investor demand, greater trading member participation, broader institutional and retail adoption and enhanced market infrastructure and operational efficiency.
Aupa Monyatsi, group chief executive of the Botswana Stock Exchange, said: “This partnership directly supports Botswana’s ambition to deepen its capital markets by broadening the investor base, enhancing market liquidity and facilitating greater capital formation.
“It is a testament to our commitment to building an innovative, competitive and internationally integrated exchange that contributes meaningfully to the country’s economic transformation and sustainable growth.”