Mmegi

BPOPF closes in on P130bn target despite rising payouts

Rosy times: Otukile says the Fund is on track to hit P130 billion in assets under management PIC: MORERI SEJAKGOMO
Rosy times: Otukile says the Fund is on track to hit P130 billion in assets under management PIC: MORERI SEJAKGOMO

The Botswana Public Officers Pension Fund (BPOPF) is close to reaching its P130 billion target after assets under management climbed to P128.3 billion in the year to March 2026, even as the fund faced a sharp increase in benefits paid to members.

Assets grew by 10.2% from P116.38 billion, leaving BPOPF about P1.7 billion short of its strategic target, which it expects to reach by March 2027.

The growth came against a 39% increase in benefits paid during the year, driven by higher retirements, death benefits, and transfers out of the fund.

Editor's Comment
Commitment by DPP to fight corruption welcome

Whilst many citizens put trust in their leaders that they are tackling one of the worst curses that can befall a country, the public has lost trust after all the cases seemed not to go anywhere.As the saying goes, ‘corruption is a cancer that eats away at the fabric of society’; corruption affects effective governance.Corruption affects delivery of services to the public and also crumbles most systems meant to assist citizens who are very...

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