NBFIRA Joins Allan Gray in Celebrating 20 Years Anniversary of existence in Botswana

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) took part in a significant milestone in the asset management industry - the 20th Anniversary Celebration of Allan Gray's presence in Botswana. This event highlighted the remarkable journey and contributions of Allan Gray to the Botswana's financial landscape.

Oduetse A. Motshidisi, NBFIRA's Chief Executive Officer, He highlighted that the asset management industry, by nature, involves managing a delicate balance between increasing asset value and mitigating risks aligned with clients' investment objectives. This complex task underscores the importance of maintaining robust relationships with clients, investors, and regulators, which are crucial for the sustainability and success of asset managers.

Mr. Motshidisi also acknowledged the significant contributions of asset managers, including Allan Gray, in shaping the investment pillars of Botswana's pensions industry; noting that Allan Gray has become one of the largest asset managers in the country. He also acknowledged the broader role asset managers play in fostering financial stability and consumer protection through prudent risk management and strong client relationships.

Projecting into the future, Motshidisi urged the asset management industry to embrace the new policy on the investment of pension savings, which could have long-term implications for the capital market and the economy. He called for industry players to deepen the capital market, ensuring it fulfills its role in promoting local economic growth and financial stability.

In conclusion, emphasised the critical role of effective regulation and supervision in ensuring the stability, soundness, and growth of the financial sector in Botswana. He also expressed confidence in the future of the asset management industry, emphasising the need to deepen the capital markets to promote economic growth and financial stability. The celebration of Allan Gray’s 20 years in Botswana was not only a reflection of past successes but also a call to continue fostering innovation, resilience, and customer-focused practices in the financial sector.

During the event, the leadership of Allan Gray reflected on the entity’s history and milestones while reaffirming their commitment to making a lasting impact in the decades to come.