ACTING CEO: Moemedi Malindah
Acting Chief Executive Officer, Moemedi Malindah says there has always been a need to diversify Botswana Public Officer Pension Fund (BPOPF) investment portfolio but the outbreak of Covid-19 has amplified the urgency to do so.
Speaking during a media briefing on Monday this week Malindah said, “We should spread investments across many Fund managers who would be taking care of the investment in different countries.”
Malindah noted that although the Covid 19 pandemic has affected the Fund, diversification has helped it to withstand the ripple effects of the virus outbreak.
The Acting CEO further noted that by end of March this year, the Fund’s Active member portfolio declined by 1 percent, while the pre-retirement portfolio appreciated by 4 percent.