{"id":67105,"date":"2025-04-16T07:47:10","date_gmt":"2025-04-16T07:47:10","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-bank-explore-pension-fund-potential-in-infrastructure-development"},"modified":"2025-04-16T07:47:10","modified_gmt":"2025-04-16T07:47:10","slug":"absa-bank-explore-pension-fund-potential-in-infrastructure-development","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/absa-bank-explore-pension-fund-potential-in-infrastructure-development","title":{"rendered":"ABSA Bank Explore Pension Fund Potential in Infrastructure Development"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>ABSA Botswana has initiated a dialogue aimed at encouraging the private sector and various development entities to explore the utilisation of Pension Funds for infrastructure development.<\/b><\/p>\n<p>This initiative is crucial for fostering sustainable growth and overall economic advancement in the country. Vice President also Minister of Finance, Mr Ndaba Gaolathe, emphasised the importance of pension funds, stating that they symbolised more than just savings; they represented the aspirations of citizens who dedicated themselves to public service, including teachers, nurses, and engineers.<\/p>\n<p>\u201cThese individuals deserve a return on their investments that is both secure and transformative,\u201d he said.<\/p>\n<p>Officiating at the dialogue under the theme, \u201cLeveraging Pension Funds for Infrastructure Development, Fostering Economic Growth, and Creating Long-Term Value for Beneficiaries,\u201d recently in Gaborone, Mr Gaolathe described the theme as a blueprint for a new development compact that affirms dignity, restores agency, and unlocks the untapped potential within Botswana\u2019s borders.<\/p>\n<p>\u201cIt is time for Botswana to unlock the domestic capital, to use it as a lever for inclusive infrastructure development and to shift from dependence to dominion, from passivity to purpose,\u201d he stated.<\/p>\n<p>Mr Gaolathe cited the Canada Pension Plan Investment Board (CPPIB) as a global benchmark in utilising pension funds for nation-building, highlighting that CPPIB focused on core infrastructure investments domestically before venturing into global opportunities.<\/p>\n<p>He envisioned a future where Botswana\u2019s pension funds would be invested courageously and with foresight, specifically in areas such as affordable housing and renewable energy infrastructure.<\/p>\n<p>\u201cBotswana\u2019s journey to developed status will not be reliant on external donors; it will be forged by our ingenuity and the hard work of our investors, workers, pensioners, engineers, and planners,\u201d Mr Gaolathe said.<\/p>\n<p>ABSA Bank Botswana\u2019s Managing Director, Ms Pheko-Moshagane, echoed Ma Gaolathe\u2019s sentiments, articulating that the dialogue\u2019s purpose was to explore the potential of leveraging pension funds for infrastructure development, economic growth, and creating long-term value for beneficiaries. She underscored the significance of infrastructure as the backbone of any economy, fostering industrial development and connecting communities.<\/p>\n<p>\u201cPension funds are not merely savings for retirement; they represent a significant lever for nation-building and long-term economic growth,\u201d she noted.<\/p>\n<p>Ms Pheko-Moshagane emphasised the need for collaboration to turn the vision of infrastructure development into a reality, stating that Africa faces an infrastructure gap requiring innovative financial solutions.<\/p>\n<p>Reflecting on ABSA\u2019s commitment to national priorities, Ms Pheko-Moshagane pointed out that the bank contributed P407 million to national fiscals in 2024, showcasing its role as a responsible corporate citizen focused on socio-economic development.<\/p>\n<p>In recent years, ABSA\u2019s contribution to infrastructure development has seen a significant increase, having disbursed over P2.5 billion to the business community for infrastructure projects. This effort has enabled local entrepreneurs to actively participate in building the nation\u2019s framework for growth.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. ABSA Botswana has initiated a dialogue aimed at encouraging the private sector and various development entities to explore the utilisation of Pension Funds for infrastructure development. This initiative is crucial for fostering sustainable growth and overall economic advancement in the country. Vice President also Minister of Finance, Mr Ndaba Gaolathe, emphasised the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":67104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234],"class_list":["post-67105","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>ABSA Bank Explore Pension Fund Potential in Infrastructure Development - Botswana<\/title>\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\/absa-bank-explore-pension-fund-potential-in-infrastructure-development\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABSA Bank Explore Pension Fund Potential in Infrastructure Development\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Botswana. ABSA Botswana has initiated a dialogue aimed at encouraging the private sector and various development entities to explore the utilisation of Pension Funds for infrastructure development. This initiative is crucial for fostering sustainable growth and overall economic advancement in the country. 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