Inside BPOPF’s plans as billions drift back home
Wednesday, December 13, 2023 | 1730 Views |
Looking ahead: Malindah sees pension funds as game changers for the local economy PIC: BPOPF
Mmegi: The Non-Bank Financial Institutions Regulatory Authority has published the revised pension fund rules, which require that pension funds repatriate a certain percentage of their offshore holdings in the years to 2027. Into what areas does the BPOPF expect to invest these repatriated funds into locally?
Malindah: Our main focus or where we really want to place is on the infrastructure side and as these amounts come in, we are going to be playing there. Infrastructure is a very difficult asset class to penetrate because it takes a long time, it’s contract based and there are a whole lot of things that need to happen.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...