BPOPF appoints managers for Asian drive

Spreading wings: Molefe says the fund is looking further afield
Spreading wings: Molefe says the fund is looking further afield

The Botswana Public Officers Pension Fund (BPOPF) has identified five managers who will take its portfolio into China and Hong Kong.

With assets of more than P60 billion, the pension fund has made no secret of its desire to crack the Chinese financial market, which has generally been closed off to outsiders.

This week, BPOPF CEO, Boitumelo Molefe said the five managers would handle the pension fund’s push to invest in Asia.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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