Capital markets·October 22, 2026 at 5:45 AM EDT·1 source
Kwa Nokeng Expands IPO as Botswana Emerges From Listings Drought
ipo, log scale$118M
$100M$1B$10B$100B
What happened
- Kwa Nokeng Oil Holdings expanded its IPO to 1.66 billion pula ($118 million).
- Share applications exceeded the original offer by about a fifth.
- The listing comes as Botswana’s bourse emerges from an almost eight-year drought in new listings.
Expanded IPO
1.66 billion pula ($118 million)
Excess applications
about a fifth
Listings drought
almost eight years
Why it matters
The offering provides a notable primary-market signal for Botswana and may matter to ECM and energy professionals assessing local issuance activity and investor demand.
Deal terms
ipo
Kwa Nokeng Oil Holdings Ltd.
Value
$118M
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