Atleast two local asset management firms have been shortlisted under the lucrative P1.5 billion Botswana Public Officers Pension Fund (BPOPF) incubation program.
The two are Africa Lighthouse Capital owned by Bame Pule who is also the managing director as well as Aleyo Advisors led by Bafana Molomo.
After doing well on technical due diligence, the two companies are expected to be subjected to a legal due diligence while the third one is said to have struggled with process of meeting the requirements.
BPOPF Investment and Portfolio Director Moemedi Malindah say the process is intense as it requires some more time as every decision is important.
“Our desire is to continuously improve and enhance the citizen economic empowerment and the focus also on the incubation drive,” Malindah said.
Late last year, BPOPF Chief Executive Officer (CEO) Boitumelo Molefe confirmed three companies made it to the top after they were shortlisted out of a total of 36 that responded to the Expression of Interest (EOI).