CMB clinches another P380m BPOPF deal

Cash flush: Molefe
Cash flush: Molefe

Capital Management Botswana (CMB) has been awarded another P380 million in private equity funds by the Botswana Public Officers Pension Fund (BPOPF) which takes their total mandate to P880 million.

This comes at a time when the Fund had withdrawn a P300 million private equity tender after applicants failed to meet their requirements. 

In an interview with BusinessWeek, BPOPF chief executive officer, Boitumelo Molefe said they decided to extend CMB allocation because of the pace at which they were finding new lucrative private equity investments.

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‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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