Mmegi

BPOPF to cut out opportunistic ‘middlemen’

Tightening up: Malindah
Tightening up: Malindah

The Botswana Public Officers Pension Fund (BPOPF) seeks to shut the door on deal makers who broker investments by matchmaking pension funds with investable projects to earn a commission.

The decision shows that the country’s largest pension fund wants to remain unshaken even as it hunts for opportunities to invest the billions of pula in funds being returned home as part of changes in the law.

Under changes to the Retirement Funds Act, the BPOPF has to return no less than half of the P100 billion it holds in assets, back home by December 2027, but CEO Moemedi Malindah, said the pension fund would not entertain intermediaries.

Editor's Comment
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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