Botswana Public Officers Pension Fund

Botswana Public Officers Pension Fund

Botswana Public Officers Pension Fund was founded in 2001 as the dedicated retirement vehicle for Botswana's public service employees. It operates under the oversight of the Non-Bank Financial Institutions Regulatory Authority. Gaone Macholo chairs the board of trustees. The fund allocates across private equity, real estate, infrastructure and listed equities. Private equity exposure stands at 7.01 percent. Confirmed holdings include a 73 percent stake in Mascom Wireless Botswana through Deci Investments, the Hilton Garden Inn Gaborone, and equity in Tlou Energy for the Lesedi Gas-to-Power project. Additional commitments run to Vaaka Partners in Finland and African Development Partners II. Geographic reach centers on Botswana with selected exposure across Southern Africa. Assets include the Peelo Place mixed-use development and Ghanzi commercial lots acquired in 2023. The fund maintains relationships with asset managers including Allan Gray Botswana, Ninety One and Vunani Fund Managers. August 2024: Held media briefing on annual financial results, AUM growth, and infrastructure investment strategy. The fund's Incubation Policy directs over BWP 5 billion toward emerging local investment managers. This structure creates a distinct channel for domestic manager development while the fund remains the primary co-investor with the Government of Botswana on national infrastructure projects.