Who is BIFM?

Botswana Insurance Fund Management (BIFM) is Botswana’s largest and oldest asset manager. Bifm is acknowledged as the custodian of Botswana’s wealth and a key contributor to the country’s economic growth over the past couple of decades.


What is BIFM’s mandate?

BIFM is acknowledged as the custodian of Botswana’s wealth and a key contributor to the country’s economic growth over the past couple of decades. BIFM provides 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 is a pioneer in asset management and manages in excess of P27.9 billion in assets across a number of classes namely; 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.

With its roots firmly planted in Africa, and its experience in providing innovative solutions for dynamic wealth management in emerging markets, BIFM is committed to sharing its expertise and experience with stakeholders in other African countries with the hope that they experience Botswana’s success.


When was BIFM established?

BIFM was founded in 1975 as Botswana’s first “Fund” manager. With a 40-year heritage, BIFM has an in-depth, intimate knowledge of the Botswana and its culture, and this, coupled with its unrivalled expertise and pool of resources, contributes to giving the business its winning edge.


Who owns BIFM?

BIFM is a wholly owned subsidiary of Botswana Insurance Holdings Limited (BIHL). BIHL Group is the 4th largest listed company on the Botswana Stock Exchange (BSE).

BIHL’s controlling shareholder is Sanlam (56%), a South African-based financial services company which is arguably one of the largest players in the industry and is also listed on the Johannesburg Stock Exchange (JSE). The remaining 44% of BIHL shares is held by the Botswana public (mainly pension funds). This shows that BIFM boasts the broadest local ownership by virtue of being a wholly owned BIHL subsidiary.


Where is BIFM located?

BIFM is headquartered in the iconic Fairgrounds Office Park in Gaborone, Botswana. This is BIFM’s world-class standard flagship property.


What is BIFM’s investment philosophy?

Although BIFM is a company that pursues innovative opportunities that return consistent value, asset management remains the pillar of the organisation. Over the years the investment philosophy has seen the business grow and forge strategic alliances with the likes of BlackRock, the world’s largest asset management firm with assets under management of over $3 trillion. However, proactively venturing into new fields after careful consideration is proving to be a rewarding strategy.


What is BIFM’s market position?

BIFM is the leader in Botswana’s asset management market, with more than 60% of Botswana’s assets under its management.

By going beyond only managing client funds within set benchmarks and mandates, BIFM has entrenched its position as a market leader. Deploying significant resources and experience to actively seek out, develop and manage viable investments which has complemented its asset management ventures. The latest venture is the Unit Trust business which will offer BIFM’s extensive market experience to clients with more modest means to invest.

BIFM’s subsidiaries - Khumo Property Asset Management, Aflife Zambia, Quantum Assets Zambia LTD and KYS - all contribute to keeping BIFM as a market leader in Botswana.


What are some of the key offerings from BIFM?

BIFM initially was set up as an asset management business which provided services solly to pension funds. With the flagship product being the market linked fund. As part of its diversification strategy, BIFM saw the need to develop products which could service the individual client and in 2012 unit trusts were brought onto the market.


How has BIFM contributed to the growth and development of Botswana?

BIFM has contributed in no small part to the growth and development of the Botswana economy. Being part and parcel of building an exemplary country dates back to 1975 when the Botswana Insurance Company (BIC) was formed. BIC was the precursor to Botswana Insurance Holdings Limited (BIHL), the parent company for Bifm.

BIFM has contributed immensely towards the development of Botswana under a guiding principle of – ‘Development of Botswana for Batswana’. BIFM has also achieved major milestones in asset management in Botswana, starting from humble beginnings to market leader. Double-digit economic growth that helped Botswana go from being one of the poorest to the fastest growing economies in the world cannot be attributed to minerals alone. Companies such as BIFM were making lifetime investments in property and infrastructure, which were to benefit Batswana in the future.


How has BIFM contributed to property development in Botswana?

Along with the BIFM headquarters property in Fairgrounds Office Park, BIFM is administrating projects such as Plot 21, the office of the Ombudsman, the SADC Head Offices in the Central Business District, and most recently Railpark and Airport Junction shopping malls. These developments consolidate BIFM’s position as one of the pioneers of property development in Botswana.