Abu Dhabi Securities Exchange (ADX) Group and the Botswana Stock Exchange (BSE) have signed an agreement for the BSE to become the first African exchange to join the Tabadul hub, creating a direct trading link between the Middle East and one of Africa’s established and growing securities markets.
The agreement, signed during a ceremony in Abu Dhabi attended by Neo Mooki, Chairperson of the Botswana Stock Exchange, Aobakwe Aupa Monyatsi, CEO of the Botswana Stock Exchange, and senior officials from both exchanges, will make the BSE the 11th member of the cross-border trading and market connectivity platform.
The integration will provide mutual market access, enabling investors across the Middle East to trade instruments listed on the BSE through local brokerages, and vice versa, via a single cross-border trading gateway.
Launched in 2022 by ADX and the Bahrain Bourse (BHB), Tabadul now connects markets with a combined market capitalization of more than $1 trillion, over 700 listed companies and more than 11 million registered investors, facilitating cross-border capital flows through a unified trading platform.
The latest expansion reflects growing investor demand, increased participation by trading members, wider adoption among institutional and retail investors, and continued improvements in market infrastructure and operational efficiency.
The Botswana Stock Exchange, based in Gaborone, is the country’s only stock exchange and Africa’s third largest by market capitalization. Established in 1989, it lists 33 companies, 121 bonds and eight exchange-traded funds (ETFs).
The partnership comes as the BSE records strong growth, having surpassed $73.18 billion (P1 trillion) in total market capitalization for the first time on 11th May this year, equivalent to around 2.5 times Botswana’s gross domestic product (GDP).
Tabadul’s expansion also comes amid record trading activity, with trading value on the platform reaching $3.68 billion (AED13.5 billion) so far in 2026, surpassing the total recorded during the whole of 2025, reflecting rising regional demand for cross-border liquidity and deeper capital market integration.
Abdulla Salem Alnuaimi Group CEO – ADX
“Our warmest welcome to the Botswana Stock Exchange on joining the Tabadul family. When we launched Tabadul, our vision was to create a digital bridge for seamless cross-border trading. 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.”
Aupa Monyatsi, Group Chief Executive Officer of the Botswana Stock Exchange, said that, “The signing of this agreement represents a significant milestone in the BSE’s internationalization strategy and our continued efforts to position Botswana as a globally connected investment destination. Through our participation in the Tabadul Exchange Hub, we are expanding cross-border investment opportunities for Botswana investors and licensed brokers, while increasing the visibility and accessibility of Botswana-listed companies to regional and international capital.”
Monyatsi added that, “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.”
