BPOPF assets soar past P90bn but ‘bumpy road’ beckons

Confident: Malindah says the risks are no reason to panic
Confident: Malindah says the risks are no reason to panic

The BPOPF’s assets grew by nearly eight per cent to P90.1 billion in the year to March 2022, but the country’s single largest investor expects a “bumpy road ahead” from the Ukraine conflict and escalating recession risks globally.

The fund had grown to P93 billion by December last year, before retreating to P90 billion at the end of the financial year due to instability in invested markets.

“From April to now, we have had pressures such as higher global inflation and it’s a bumpy road going forward, but these are temporary,” Botswana Public Officers Pension Fund (BPOPF) CEO, Moemedi Malindah told journalists recently. “It should not be a cause for panic even though it’s about levels that have not been seen in a long time.”

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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