3rd August 2026
The Botswana Public Officers Pension Fund assets grew by 10%, increasing from P116.506 billion in 2025 to P128.337 billion in 2026.
The Fund contends it has maintained a stable and strong financial health, underpinned by prudent investment, prudent governance and rigorous risk management.
Ms Gaone Manzini Macholo, Chairperson of theBotswana Public Officers Pension Fund(BPOPF) said “The global markets remained resilient during the period April 2025 to March 2026 but experienced slower growth amid heightened trade tensions and persistent geopolitical uncertainty while the Botswana’s economy was constrained by prolonged downturn in the diamond market resulting in weaker growth.”
She said, “Despite the challenges, Botswana maintained macroeconomic stability and I am pleased to report that our pension fund has maintained its resilience and delivered a markedly strong performance.
BPOPF officials allege that the diversified investment portfolio has mitigated risks and enhanced returns, resulting in the Fund being able to declare positive returns for its members even in volatile markets. It is asserted that Fund is in a financially sound condition with an impressive funding ratio of 102.9%, demonstrating its ability to meet current and future obligations.
Kwenantle Otukile, Chief Executive Officer of the Botswana Public Officers Pension Fund(BPOPF) said, “The second indicator was Member experience which is measured though member satisfaction index. When we started the survey in 2021 we scored a low mark of 43.7% however we grew over the years to 83% in 2024. This growth we attribute it to few factors.”
She said, “The Main game changer being the Media fraternity providing a balanced view to members about the affairs of BPOPF.”
In 2020 BPOPF contributions amounted to BWP 3.5 billion growing to BWP 4,65 Billion. The main driver of this growth was reportedly salary increases by government and increase in workforce.
“We have robust processes to ensure that contributions are received. Yes there are instances where we can experience delays in receiving contributions but that process is easily managed and most of the time it is a system problem and easy to resolve,” said Otukile.
She said, “In 2024 we paid in terms of benefits BWP 4,277 billion.”
During the year under review, the Fund successfully implemented several new mandates. Two (2) of the mandates are under the Fund’s Incubation Programme which is designed to contribute towards the development of local capital markets and service provision by sponsoring fledgling entities to startup, grow and compete locally, regionally and internationally.
The Fund is also on track to achieve its strategic targets including the AUM growth target of P133 billion by March 2027.
