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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This comes at a time when the Fund had withdrawn a P300 million private equity tender after applicants failed to meet their requirements.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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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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