{"id":55450,"date":"2024-09-19T06:13:08","date_gmt":"2024-09-19T06:13:08","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn"},"modified":"2024-09-19T06:29:00","modified_gmt":"2024-09-19T06:29:00","slug":"bifm-assets-under-management-rise-to-p48-2bn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn","title":{"rendered":"Bifm Assets under Management Rise to P48.2Bn"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>The country\u2019s oldest and largest asset manager, Bifm, reports that its assets under management rose 16% to P48.2 billion in the first six months of the year, helping profits higher for the period.<\/b><\/p>\n<p>The assets under management as at June 30 include P6.8 billion from Bifm\u2019s Zambian operations and P2.6 billion from BIFM Unit Trusts. In a statement released after the asset manager\u2019s recent interims, Bifm officials said operating profits for the period rose 41% compared to the previous corresponding period, boosted by the performance of the company\u2019s Zambian operations.<\/p>\n<p>The Zambian operations notably contributed to Bifm\u2019s performance in the first six months of the year, benefiting from favourable Pula\/Kwacha currency movement effects and a once-off accounting adjustment. Bifm Unit Trust also delivered a positive performance, with operating profit rising 3.8 times compared to the same period in 2023, officials said.<\/p>\n<p>Commenting on the first half performance, Bifm CEO, Clair Mathe-Lisenda said the results are a clear testament to the company\u2019s commitment to growth and its ability to deliver consistent value to its stakeholders. She said the significant increase in assets under management was particularly encouraging, as it reflects both the strength of Bifm\u2019s offerings and the confidence clients place in the company.<\/p>\n<p><strong>For More News And Analysis About Botswana Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. The country\u2019s oldest and largest asset manager, Bifm, reports that its assets under management rose 16% to P48.2 billion in the first six months of the year, helping profits higher for the period. The assets under management as at June 30 include P6.8 billion from Bifm\u2019s Zambian operations and P2.6 billion from [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":55449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234],"class_list":["post-55450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bifm Assets under Management Rise to P48.2Bn - Botswana<\/title>\n<meta name=\"description\" content=\"The country\u2019s oldest and largest asset manager, Bifm, reports that its assets under management rose 16% to P48.2 bill ...\" \/>\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\/bifm-assets-under-management-rise-to-p48-2bn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bifm Assets under Management Rise to P48.2Bn\" \/>\n<meta property=\"og:description\" content=\"The country\u2019s oldest and largest asset manager, Bifm, reports that its assets under management rose 16% to P48.2 bill ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn\" \/>\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=\"2024-09-19T06:13:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-19T06:29:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/09\/sm_1726714701.471893.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\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\/bifm-assets-under-management-rise-to-p48-2bn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bifm Assets under Management Rise to P48.2Bn\",\"datePublished\":\"2024-09-19T06:13:08+00:00\",\"dateModified\":\"2024-09-19T06:29:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn\"},\"wordCount\":226,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/09\/sm_1726714701.471893.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-assets-under-management-rise-to-p48-2bn\",\"name\":\"Bifm Assets under Management Rise to P48.2Bn - 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