{"id":37300,"date":"2023-10-27T17:29:43","date_gmt":"2023-10-27T17:29:43","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=37300"},"modified":"2023-10-27T15:55:54","modified_gmt":"2023-10-27T15:55:54","slug":"bpopf-to-fund-botswanas-ailing-infrastructure","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure","title":{"rendered":"BPOPF to fund Botswana\u2019s ailing infrastructure"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The Botswana Public Service Pension Funds (BPOPF), the biggest pension fund in the country, said Tuesday that it will direct more money to Botswana\u2019s ailing infrastructure as part of its new investment strategy.<\/b><\/p>\n

\u201cThe infrastructure gap in this country is so high. We are not worried about the capacity, what we are concerned about is the speed at which we can allocate funds to the project,\u201d chief executive officer of the BPOPF, Moemedi Malindah, told on the sidelines of the Botswana Bond Market conference in Gaborone.<\/p>\n

\u201cThe government bureaucratic system takes a long time to do the planning and approve projects,\u201d he added.<\/p>\n

The grey-hair fund\u2019s total assets under its management total P 100 billion as of now\u2013 moving from P99.5 billion at the end of August.<\/p>\n

Some of the projects that might be supported include road net-work- which are so bad around tourist centers of Maun and Shakawe, private hospitals outside the Gaborone, power stations, agricultural storages solutions and data centers.<\/p>\n

The BPOPF is due to appoint the infrastructure manager who will start work by November 15, this year.<\/p>\n

\u201cWe have to change the game. We have to have a situation where money starts looking for these projects, not the other way round,\u201d Malindah said.<\/p>\n

The move comes at a time when the BPOPF is to repatriate P 2 billion to Botswana per annum over the next five years to prop-up the local economy.<\/p>\n

Part of the plan is to increase the number of private equity funds from two-to-four to give companies that are in need of assistance more options.<\/p>\n

\u201cWe are also incubating Batswana fund management companies specialising in listed equities,that are owned by Batswana. And in the growth stage they will start focusing locally, and over time going regionally and internationally. We want them to ultimately be able to buy in the developed market like London Stock Exchange,\u201d Malindah said.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The Botswana Public Service Pension Funds (BPOPF), the biggest pension fund in the country, said Tuesday that it will direct more money to Botswana\u2019s ailing infrastructure as part of its new investment strategy. \u201cThe infrastructure gap in this country is so high. We are not worried about the capacity, what we are […]<\/p>\n","protected":false},"author":84,"featured_media":37298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-37300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBPOPF to fund Botswana\u2019s ailing infrastructure - Botswana<\/title>\n<meta name=\"description\" content=\"The Botswana Public Service Pension Funds (BPOPF), the biggest pension fund in the country, said Tuesday that it will ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BPOPF to fund Botswana\u2019s ailing infrastructure\" \/>\n<meta property=\"og:description\" content=\"The Botswana Public Service Pension Funds (BPOPF), the biggest pension fund in the country, said Tuesday that it will ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-27T17:29:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1698409471.122526.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"418\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BPOPF to fund Botswana\u2019s ailing infrastructure\",\"datePublished\":\"2023-10-27T17:29:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure\"},\"wordCount\":332,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/10\/sm_1698409471.122526.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-to-fund-botswanas-ailing-infrastructure\",\"name\":\"BPOPF to fund Botswana\u2019s ailing infrastructure - 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