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
Let justice, not politics determine Salakae’s fate

“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...

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