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iPROs Ponelopele fund to diversify investment options

Senior manager-Investments Claire Mathe-Lisenda

Small investors have been given an opportunity to invest in what was once the play ground of only for wealthy individuals and institutions. Ipro Botswana’s Ponelopele Fund which was launched recently, has opened up opportunities in property, private equity and hedge funds for small time investors who can only afforded small monthly.

Led by managing director, Amit Bakhirta and Senior manager-Investments Claire Mathe-Lisenda, the investment firm has maintained a presence in Botswana since 2007 while the group has operated in Mauritius since 1992.

At the launch of Ponelopele Fund recently, Mrs Mathe-Lisenda hailed Botswana’s political stability, thriving economy, as well as stable monetary and fiscal policies and the best credit rating in Africa, saying this bodes well for people wishing to invest fruitfully.

According to Mathe Lisenda, the African continent also provides “immense investment opportunities for those investors willing to dedicate the time and effort to understand Africa’s market dynamics, the risks and the potential long term investments available across this continent.”

By pooling money together from both small and institutional investors, Ponelopele Fund will provide them across access to a wider range of investment options.

“This offers potential investors reduced inherent risk in having a well diversified portfolio,” said the company in a statement. Clients that subscribe to the Fund benefit from a portfolio that is spread in Botswana and Africa in the ratio of 60 to 40 percent respectively. The funds are diversified in bonds, listed stocks, money market securities, and for the first time, individuals will also have an opportunity to invest in property, hedge funds and private equity.

Talking to BusinessPost this week, Mrs Mathe Lisenda said that the response to Ponelopele has been overwhelming as people look to cash in on alternative markets besides the Botswana Stock Exchange.

She said that some African countries already have tradable investments instruments for property that are usually found only in advanced markets and this offers the investor access to what was once a preserve of high net worth investors and institutional investors.

With hedge funds, Mathe-Lisenda, pointed out that these are used to mitigate risks to losses of money invested.

She said that private equity also offers opportunities, aptly naming them ‘big ticket investments’, saying the small investor who can afford only minimal amounts can now take part in this investment class.  She cited the retailer, Choppies Group, which was initially listed and as private equity, beneffitted the shareholders greatly when it finally listed on the BSE.

The asset management group, iPRO manages P3,5 billion of AUMs (assets under management) with internationals shareholders such as CIEL in Mauritius and Religare in India.

The Fund caters to both individual and institutional investors and is accessible to Botswana and sub Saharan African citizens and residents, as well as international investors, through lump sums and monthly direct debits in a Systemic Investment Plan.

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China’s GDP expands 3% in 2022 despite various pressures

2nd February 2023
China’s Gross Domestic Product (GDP) expanded by 3% year-on-year to 121.02 trillion yuan ($17.93 trillion) in 2022 despite being mired in various growth pressures, according to data from the National Bureau Statistics.

The annual growth rate beat a median economist forecast of 2.8% as polled by Reuters. The country’s fourth-quarter GDP growth of 2.9% also surpassed expectations for a 1.8% increase.

In 2022, the Chinese economy encountered more difficulties and challenges than was expected amid a complex domestic and international situation. However, NBS said economic growth stabilized after various measures were taken to shore up growth.

Industrial output rose 3.6% in 2022 over the previous year, while retail sales slightly shrank by 0.2% data show that fixed-asset investment increased 5.1% over 2021, with a 9.1% hike in manufacturing investment but a 10% fall in property investment.

China created 12.06 million new jobs in urban regions throughout the year, surpassing its annual target of 11 million, and officials have stressed the importance of continuing an employment-first policy in 2023.

Meanwhile, China tourism market is a step closer to robust recovery. Tourism operators are in high spirits because the market saw a good chance of a robust recovery during the Spring Festival holiday amid relaxed COVID-19 travel policies.

On January 27, the last day of the seven-day break, the Ministry of Culture and Tourism published an encouraging performance report of the tourism market. It said that domestic destinations and attractions received 308 million visits, up 23.1% year-on-year. The number is roughly 88.6% of that in 2019, they year before the pandemic hit.

According to the report, tourism-related revenue generated during the seven-day period was about 375.8 billion yuan ($55.41 billion), a year-on-year rise of 30%. The revenue was about 73% of that in 2019, the Ministry said.

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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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