BPOPF buys 20% of Puma Energy for P300m

Puma Energy
Puma Energy

The Botswana Public Officers Pension Fund (BPOPF) has bought a 20 percent stake in oil company, Puma Energy Botswana for P300 million.

Sitting on an asset base of P51 billion, BPOPF has 35 percent of its funds invested in Botswana through equities, bonds, property and private equity.

Speaking to BusinessWeek on the sidelines of the launch of the fund’s whistle blowing facility in Gaborone this week, CEO Boitumelo Molefe confirmed that the transaction has been wrapped up following a decision by the board to acquire shareholding in the oil company.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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