BPOPF sets aside P3bn for local infrastructure
Friday, October 09, 2020
The BPOPF’s assets of more than P70 billion are invested in various classes of domestic and offshore instruments, mainly equities, bonds, property and others. The pension fund, through its asset managers, holds about 60% of these assets offshore and the balance locally.
The BPOPF has previously invested in infrastructure outside Botswana, placing $10 million with the Pan African Development Infrastructure Fund in South Africa in 2014. However, the P3 billion allocation will be the first targeting local opportunities.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...