Fresh twist in P400m row: Statutory manager locked out
Friday, February 23, 2018
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) recently appointed Collins as the statutory manager for CMB, a local asset manager which holds the mandate for disputed funds estimated at P400 million on behalf of the Botswana Public Officers Pension Fund (BPOPF).
The souring of relations between BPOPF and CMB last year, amidst complaints by the pension fund, triggered legal suits between the two that saw NBFIRA’s engagement in the matter through the placement of CMB under statutory management in January.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...