BOTSWANA INSURANCE FUND MANAGEMENT (BIFM)

Botswana Insurance Fund Management (BIFM) began life in 1975 as a pensions administrations company when Botswana had no stock markets, government debt and no allowance for offshore markets – business was not what it is today.

Today BIFM is a wholly owned subsidiary of Botswana Insurance Holdings

Limited (BIHL), one of the largest listed companies on the Botswana Stock Exchange.

It is a pioneer in asset management and manages in excess of P23 billion in assets across a number of classes, including equity, fixed income, property and alternative investments. BIFM has also invested in non-traditional assets like in the healthcare industry, tourism sector through KYS Investments, and property development activities.

The core of the company is to provide financial solutions to individual and institutional clients. These solutions include investment, asset management, liquidity, alternative investments, savings and linked products, property asset management and capital market activities.

BIFM has been at the centre of a number of breakthroughs in Botswana. For example, it invested in the country’s first private hospital, the second five-star hotel and in some of the first shopping malls.

Among its latest investments include support of the Railpark Mall and Airport Junction Shopping Centre.

“Effectively, BIFM uses Botswana savings to build Botswana – and that’s great news for our economy.”