Kgatlwane hails Bifm success story
Pauline Dikuelo | Monday May 19, 2014 16:39
Addressing the Fund’s clients at a cocktail party last week, Kgatlwane said despite the challenging economic environment, Bifm has managed to offer support and empower Batswana with relevant financial solutions.
“Through the BIHL Trust we constantly strive to uplift Batswana from education, healthcare, poverty alleviation, sport, youth development and empower both individuals and institutions through the support of BIHL Group as a whole,” said Kgatlwane.
She said amongst their achievements, Bifm also boasts of over P27 billion worth of assets under management, making them the biggest asset management company in Botswana.
Kgatlwane said Bifm has also penetrated the Zambian market through a 49 percent stake in a company called Aflife, which is reported to be growing by 37 percent year on year and contributing 25 percent of Bifm operating profit. The Bifm offshore managers who were appointed last year have also outperformed the industry benchmark.
In their endeavour to ensure efficiency and meet their customer’s needs, Unit Trust were launched last year to allow individual investors across income brackets to invest in listed companies, share in the returns of stock market and ultimately grow their wealth.
Kgatlwane also noted that through their efforts to contribute to the economic development of Botswana, they have funded entities with over P600 million in industries ranging from fast moving consumer goods, retail, micro lending, and banking to state owned enterprises.
“We are cognisant that all this growth would not have been possible without all of you our valued clients and partners, and for that we say thank you,” she said.