Mmegi

Pension funds beat NBFIRA target

Leading the market: Botswana Public Officers Pension Fund CEO, Moemedi Malindah. The BPOPF is the country's largest pension fund
Leading the market: Botswana Public Officers Pension Fund CEO, Moemedi Malindah. The BPOPF is the country's largest pension fund

The country’s pension funds held 42.6% of their assets domestically as at November, or P64.4 billion, comfortably above NBFIRA's target of 41%, central bank data shows.

Bank of Botswana (BoB) figures show that by November, the pension funds held total assets of P151.3 billion.

Under the updated Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Pension Fund Rules, local pension funds are required to gradually increase the proportion of domestic assets to 50% in the years to December 2027. The target for December 2024 was 41% and will move to 44% by December 2025.

Editor's Comment
The Boko-led administration has to tread carefully

‘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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