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This comes at a time when the Fund had withdrawn a P300 million private equity tender after applicants failed to meet their requirements.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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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