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Bifm calls out false social media reports of ‘P241m fund loss’

 Gaborone- Botswana Insurance Fund Management (Bifm) distances itself from the false social media reports that it had a loss of funds of ‘BWP241 million.’ 

The heritage wealth management brand with a legacy stretching over 45 years would like to assure it’s stakeholders that it remains resolute on it’s path of prudent management of resources in its vast portfolio and in serving Botswana, her citizens and residents alike. 

‘‘The circulating media reports are damaging. We take pride in our resolute systems, rigourous governance embedded in our culture and enforced by our board of directors, board of trustees and further entrenched by the regulator NBFIRA. Our customers enjoy multiple protection by different regulatory instrument because of our listing on the BSE through the parent company BIHL Group and the competencies that have kept our portfolio growing for generations,’’ says the Bifm CEO Neo Bogatsu. 

Bifm is regulated by NBFIRA under license: NBFIRA 10/3/9 CM. Stakeholders are advised to contact Bifm offices for any enquiry regarding the false reports. 

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BOTSWANAUNPLUGGED is an exclusive online news and lifestyle magazine created for upwardly mobile citizens with distinguished tastes. Based in Gaborone, Botswana; UNPLUGGED is a quintessential online news and lifestyle medium (platform) which strives to speak to the soul of the country’s upscale lifestyle by setting its sights on the passion that permeates our region.

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