Sunday, January 29, 2023
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Debswana sponsors BFA’s National First Division League with P3.9m 

    Debswana sponsors BFA’s National First Division League with P3.9m 

    Ditlhokwe Tipped to Excel at Kaizer Chiefs

    Ditlhokwe Tipped to Excel at Kaizer Chiefs

    BCF Aims to Resuscitate Chess this Year

    BCF Aims to Resuscitate Chess this Year

    Tebogo’s Move to US on Hold

    “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

    NSAs decry Absence of School Sports 

    NSAs decry Absence of School Sports 

    BCF fails to send Team to Continental Schools Chess Champs

    BCF fails to send Team to Continental Schools Chess Champs

    Trending Tags

    • Subscribe
    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports
      Debswana sponsors BFA’s National First Division League with P3.9m 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      BCF Aims to Resuscitate Chess this Year

      BCF Aims to Resuscitate Chess this Year

      Tebogo’s Move to US on Hold

      “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

      NSAs decry Absence of School Sports 

      NSAs decry Absence of School Sports 

      BCF fails to send Team to Continental Schools Chess Champs

      BCF fails to send Team to Continental Schools Chess Champs

      Trending Tags

      • Subscribe
      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home Uncategorized

      Stampede as investors jostle for BPOPF cake

      • Tender to be awarded by November • BPOPF struggling to find a suitable company • Tender met a euphoric reception

      mm by Kitso Dickson
      November 23, 2021
      in Uncategorized
      Reading Time: 3 mins read
      0
      Share on FacebookShare on Twitter

       

      Investors are jostling to contest for Botswana Public Officers Pension Fund (BPOPF)’s unprecendented P300 million private equity fund tender, which is expected to breath a new life into the asset management industry.

      Newly appointed BPOPF chief executive officer (CEO) Boitumelo Molefhe expects the deal to be awarded by November this year after identifying a suitable bidder.

       She explained, in a measured way, that her pension fund will engage in a strict vetting process to select fund and asset managers who satisfy their strict investment model. This is because BPOPF, the largest pension fund will not want to overexpose its investment to risks by awarding same companies management contracts.

       She says the timeframe of awarding the tender shall be guided by the fulfillment of the technical evaluation and assessment during the tendering process.  “The process also needs the approval of the board of directors as well as BPOPF investment committee,” she said. 

      She was cautious however – that BPOPF needs to find the right fund manager to minimise investment risks and ensure that returns are made – when asked to identify fund manager seeking to manage BPOPF funds.

      Further, it seems the pension fund, with assets of about a third of the gross domestic product (GDP), has been having a hard time awarding the tender.

      The P300 million tender is a second batch of the P800 million which BPOPF launched last year to be invested in Botswana. The PEF, was launched after BPOPF begun showing interest in offshore investment and responding to pressure that too much of its money was offshore while Botswana also has investment opportunities. 

      The structure of BPOPF’s investment portfolio was that 70 percent of its capital was invested offshore while only 30 percent was invested in Botswana.  The new strategy plans to turnaround the investment ration, however.

      Around September last year, an P800 million PEF was launched, but the first batch of P500 million was clinched by Capital Management Botswana (CMB), formerly known as Capital Management Africa under the ownership of Rhys Carr and Timothy Marsland. The then interim BPOPF CEO mentioned that the remaining P300 million, was out and expected to be awarded and publicised before the end of 2014.

      It was expected as per BPOPF announcements that after the PEF, an infrastructure fund will then be launched. However, nine months after the award of the first tranche of the P800 million PEF, BPOPF awarded Flemming Asset Management a P300 million infrastructure fund.

      The investment is said to be used to construct a 148 roomed 5 star hotel in the Central Business District (CBD), in partnership with M3 (Pty) Ltd, Hilton Brand Worldwide and Flemming Asset Management.

       The delay in awarding the second batch of the PEF has not been made public. 

      However, the tender was floated this week with a closing date of 9th October 2015.  It remains to be seen which company will emerge victorious, but expectations are that there will be a cut-throat wrestle for the lucrative contract.

      Last year, when the first tranche of the P800 million fund was floated, 30 companies showed interest and 13 of them managed to pass the first stage of the tendering process.

      However only 3 companies, Capital Management Botswana, African Alliance Botswana and Venture Capital Botswana managed to make it to the final stages of technical assessment and evaluation before the BPOPF gave the tender to Capital Management Botswana.

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      Recent News

      • Debswana sponsors BFA’s National First Division League with P3.9m 
      • January 27 2023 Edition
      • Proposed Law to Tighten the Screws on Banks 
      • David Van Niekerk appeals after losing interdiction case 
      • Ditlhokwe Tipped to Excel at Kaizer Chiefs

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact
      • Subscribe
      • E-edition

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?