Africa-Press – Botswana. In a significant shift in Botswana’s financial landscape, the Non-Bank Financial Institutions Regulatory Authority has mandated that pension funds must augment their local investments to 50% by 2027. The Botswana Public Officers Pension Fund (BPOPF), the country’s largest pension fund with assets around P100 billion, is among those impacted by this change.
Complying Through Infrastructure Investments
In an interview, BPOPF CEO Moemedi Malindah shed light on the fund’s strategies to comply with the new regulation. The focus, as Malindah emphasized, lies heavily on infrastructure investments. However, he didn’t shy away from acknowledging the complexities associated with such investments. He particularly noted the long time frames, contract-based nature, and various logistical challenges that accompany investments in infrastructure.
Repatriation of Offshore Holdings
The interview also touched upon the broader context of Botswana’s pension landscape and the need for strategic repatriation of offshore holdings. The move aims to ensure compliance with the local investment requirement, a task that Malindah recognizes is fraught with challenges and requires nuanced strategies.
Addressing Prison Security Challenges
In a separate context, Marathe’s call for public assistance in rehabilitating prisoners and the implementation of an integrated prison security solution aimed at addressing the security challenges within the prison system was discussed. Marathe highlighted the daily discovery of contraband like phones and drugs, underscoring the need for collaborative efforts to enhance prison security and rehabilitation programs.
These developments underscore the evolving landscape of Botswana’s financial and correctional sectors. As the BPOPF strategizes its compliance with new pension fund regulations and the country continues to grapple with prison security challenges, the implications of these changes will resonate across the nation.
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