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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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