BIHL restrategises after Bifm blow
Tuesday, March 03, 2015
![Hassam](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2015/march/03/phpB30F.tmp.jpg&w=400&q=72&f=jpg&t=1)
Hassam
According to market reports, Botswana Public Officers Pensions Fund (BPOPF) recently withdrew Bifm’s P9 billion mandate to manage funds, a decision that would result in substantial fee income losses for the subsidiary in 2015 going forward.
In a statement accompanying the diversified financial house’s results for the year ended December 2014, CEO Gaffer Hassam said Bifm, the group’s second biggest subsidiary, had commenced a realignment processes that would ensure that it was optimally structured for the decreased volume of operational activities.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...