BPOPF hands P1.5bn to start-up fund managers

Friday, August 25, 2017

Molefe says only wholly-owned citizen firms will benefit PIC: TSELE TSEBETSAME

The cash-rich Botswana Public Officers Pension Fund (BPOPF) will provide P1.5 billion in seed capital to three wholly citizen owned start-up fund managers in a bid to facilitate the involvement of more Batswana into the lucrative investment management business.

Under its incubation programme, mooted last year, the BPOPF has identified three greenfield companies to be financed from its P55 billion kitty with two involved in private equity while the other will trade in the listed equity space.

Addressing the media in Gaborone this week, the Fund’s chief executive officer, Boitumelo Molefe said the three companies will each get P500 million to be invested only in Botswana.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Air travel has been frozen in the Middle East since Saturday

About 300 Batswana trapped in Middle East crisis

Mbongeni Mguni | 1d ago

Ministry declares war on low productivity

Spira Tlhankane | 20 h ago

Going back to church: Re entering the Amen Economy

Thulaganyo Jankey | 1d ago

Private investor injects P4m into UB hotel revival

Staff Writer | 1d ago

Southern chicken necks

Michelle Phetlhe | 1d ago

Senior Prisons officer faces drug, abuse of office charges

Larona Makhaiza | 1d ago

Pantsula Power: A call to action against social Ills

Nnasaretha Kgamanyane | 1d ago

TAFIC activate survival mode with crucial Chiefs stalemate

Kabelo Boranabi | 1d ago

Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

The Monitor Editor | 03 March 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More