30th July 2025
Own Correspondent
The Botswana Public Officers Pension Fund(BPOPF) has revealed that it has reported a modest increase in assets under management from P108billion to P116billion, an increase of 7.7 % year on year in its latest financial results. It also defended its decision to borrow Government P 3billion for salaries.
“We are trying to address a crises. We cannot just fold our arms and say we cannot get involved,” said Moemedi Malindah, Chief Executive Officer(CEO) of Botswana Public Officers Pension Fund (BPOPF).
Malindah stressed that there have been no problems with Government paying back in the past and that the interest generated for loan facility disbursed made economic sense.
Botswana Public Officers Pension Fund (BPOPF) revealed that a staggering 73.40% of local pensioners between the period April 2023 and July 2024 purchasing BPOPF annuities selected them for a reason.
This satisfaction with the quality of service provided by the pension fund is reportedly reflected in the results of a stakeholder satisfaction survey which showed that 82.8% of clients were happy with quality of service provided. It shows an incremental increase from 43.% in 2021 when the Fund was launched although it dipped slightly from 83% in the last financial year.
The benefits paid to clients in the last financial year rose from P4,277billion to P4,555billion over the last financial year. The pre retirement switch portfolio rose from P2,420.48 billion in 2024 to P2,931.70 billion in 2025. This includes people with less than 3 years to retire.
Early retirement can be taken at 45 years. The Profit pensioner portfolio for already retired pensioners fell slightly to P4.46billion from P4.54billion.
This category of clients only receive payments when BPOPF reports a profit. The non profit portfolio which has slightly lower returns grew to P7.92billion in 2025 from P6.79billion in 2024.
This niche portfolio has 4 categories individuals who want about 0%, 2.5%, 5% and 7.5% annual interest increase for payments. BPOPF has only made losses in 3 financial years on their active member and deferred pensioner portfolio’s the latest financial results revealed.
In 2003 when it made losses of 14.7%, in 2009 when it made 14% loss and in 2020 when it made 1.0% loss. BPOPF’s latest financial results showed that it had spent an estimated 74 thebe for every 100 pula generated for assets under their management.
“Our financials are audited and IFRS 17 compliant,” assured Malindah.
BPOPF is expected to roll out an incubator program for local fund managers. It also indicated that it will review its investment strategy and expected to be more active in the alternative investment space.
