BPOPF on the hunt for big-ticket infrastructure investments
Friday, August 16, 2024 | 510 Views |
Malindah PIC: MORERI SEJAKGOMO
The fund is prioritising infrastructure investments, both domestically and offshore, as it seeks to ensure long-term sustainability and significant returns for its members.
BPOPF CEO Moemedi Malinda told BusinessWeek that the pension fund has already identified aligning interests and is actively working on several high-value deals. Some of these opportunities have been successfully closed, while others are still in progress. However, the hunt for more continues, with the fund dedicating specialised resources to this effort.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...