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This comes at a time when the Fund had withdrawn a P300 million private equity tender after applicants failed to meet their requirements.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

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

Have a Story? Send Us a tip
arrow up