Connect with us

Press Release

NMG takes reins at Botswana’s biggest pension fund

Published

on

NMG Benefits CEO, Jacky Mathekga

NMG Administrators Botswana, a subsidiary of the Johannesburg-based advisory and intermediary firm NMG Benefits, has been appointed the Fund Administrator for Botswana’s biggest pension fund, the Botswana Public Officers Pension Fund (BPOPF), and officially takes over the administration of the BPOPF on 1 June.

The move is a result of a 2017 decision by Botswana’s Non-Bank Financial Institutions Regulatory Authority (NBFIRA) that all pension funds in Botswana be administered by an independent fund administrator. NMG will be handling all claims processing, member education, enquiries, statements, pensioner payroll management and many other day-to-day tasks on behalf of BPOPF.

The appointment is a major win for NMG. The fund considered a range of proposals before making this selecting due to its specialist skills in fund administration and NMG’s ability to work effectively as a strategic partner, said Jacky Mathekga, CEO of NMG Benefits.

“We are delighted to have been entrusted by BPOPF with this important appointment.  As a leading specialist provider of employee benefit services, we focus on high quality strategic advice in relation to retirement, investments, and healthcare, with excellent service to back it up,” said Mathekga.

NMG Administrators Botswana is a 100% Botswana-based company which is 51% owned by the BPOPF’s Lecha investment arm, with 49% shareholding by the Group. The Group’s South African operation, focuses on employee benefits such as Healthcare Consulting, Retirement Fund Consulting, Retirement Fund Administration, Investment Consulting and Actuarial Consulting.

The effect of the move on the BPOPF’s ~156 000 members will be ‘minimal’, said NMG Botswana’s acting chief executive officer, Gaolatlhe Otsetswe. NMG has taken leases on BPOPF’s existing offices in Gaborone, Francistown, Jwaneng and Maun, and all services and pay points will remain exactly the same as before.

“BPOPF as a pension fund remains accountable for its members as per the provisions of the Retirement Funds Act. It is simply the administration of the Fund that has been outsourced,” said Ms. Otsetswe.

 

Download BAO E-MAGAZINE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

Africa50 appoints Tshepidi Moremong as Chief Operating Officer

Published

on

Africa50 incoming COO, Tshepidi Moremong (Source: Facebook)

Africa50, the pan-African infrastructure investment platform is pleased to announce the appointment of Ms. Tshepidi Moremong as Chief Operating Officer. Her appointment takes effect from July 1, 2021. She will lead a multi-disciplinary team including Fundraising, Investor Relations, Strategy, Human Resources and Administration, Communications, and Environmental and Social Governance.

Ms. Moremong is a seasoned senior executive with more than twenty-two years experience delivering strategic leadership in private equity, corporate finance and business development. She joins Africa50 from Rand Merchant Bank (RMB) in South Africa where she was the Head of Client Coverage for the rest of Africa outside South Africa, a role she has held since 2014. In this capacity, she was responsible for business development and client relationship management across nine markets. During her tenure, Ms. Moremong successfully built and led a multi-regional team which delivered significant results for RMB’s rest of Africa franchise. Ms. Moremong has also served as Chairman of the Board of Directors of the African Venture Capital Association, and has held multiple directorships for both listed and unlisted entities on the continent.

Prior to this, she held several leadership positions, including as an Investment Executive at Aureos Capital and Vice President at Renaissance Capital.

Throughout her career, Ms. Moremong has demonstrated a strong capacity for thought leadership, strategic decision-making and delivering bottom-line results.

Commenting on her appointment, Alain Ebobissé, CEO of Africa50, said “I am delighted to welcome Tshepidi to our team. She brings substantial pan-African financial sector experience, in-depth expertise in private-equity and has successfully led large multi-national teams across regions.  I am confident that her leadership and broad business experience will be a great asset to ensure Africa50’s continued growth and success in the future.”

I am excited and honoured to join the leadership team of Africa50. The organization has a bold mandate in driving the acceleration of infrastructure development on the continent. I am looking forward to working with the team and bringing my passion and expertise to further support Africa’s socio-economic transformation”, Ms. Moremong said about her appointment.

A native of Botswana, Ms. Moremong holds a Bachelor’s degree in Economics and Public Policy from Swarthmore College in Pennsylvania (USA) and an MBA in Finance from Columbia University’s Business School in New York (USA).

 

Download BAO E-MAGAZINE

Continue Reading

Press Release

Qatar Airways to launch new route to Lusaka and Harare from August

Published

on

Qatar Airways (Image: YouTube)

Qatar, DOHA – Zambia and Zimbabwe are being added to Qatar Airways expanding list of destinations in Africa from early August, bringing its award-winning service to two important southern African destinations.

The new service to Lusaka and onwards to Harare is scheduled to be operated with a Boeing 787 Dreamliner. It will connect passengers in Zambia and Zimbabwe with Qatar Airways’ global network of more than 140 destinations. With the addition of these two new routes the carrier will operate over 100 weekly flights to 27 destinations in Africa.

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker said: “Africa continues to be an area of strong growth for Qatar Airways and launching this service will support the development of the economy and tourism sector in both countries.

“Not only do we continue to rebuild our network after the pandemic, but we are actively expanding it with the addition of these two key destinations. These are the fifth and sixth new destinations in Africa added to our network since the start of the pandemic, taking our total new destinations added across the globe to 10.”

The launch of Lusaka and Harare also supports increased demand for trade between Zambia and Zimbabwe and destinations on the Qatar Airways network such as London, Frankfurt and New York and from multiple points in China. With a total of 30 tonnes of cargo capacity on the aircraft per flight, Qatar Airways Cargo will play a key role in facilitating key exports from Zambia and Zimbabwe.

As travellers return to the skies with Qatar Airways, they can take comfort knowing that they are travelling with the only airline in the world that has, together with its state-of-the-art global hub Hamad International Airport, achieved four 5-Star Skytrax ratings – including the prestigious 5-Star Airline Rating, 5-Star Airport Rating, 5-Star COVID-19 Airline Safety Rating and 5-Star COVID-19 Airport Safety Rating.

These achievements highlight Qatar Airways’ commitment to providing our passengers with an industry-leading experience at every point of their journey, including the highest possible level of health and safety standards that safeguard the wellbeing of our passengers both on the ground and in the air. For full details of all the measures that have been implemented onboard and in HIA, please visit www.qatarairways.com/safety.

A multiple award-winning airline, Qatar Airways was named ‘World’s Best Airline’ by the 2019 World Airline Awards, managed by the international air transport rating organisation Skytrax. It was also named ‘Best Airline in the Middle East’, ‘World’s Best Business Class’, and ‘Best Business Class Seat’, in recognition of its ground-breaking Business Class experience, Qsuite. Qsuite is available on flights to more than 40 destinations including Casablanca, New York, Paris and Singapore.

Flight schedule starting 6 August:

Wednesday, Friday and Sunday

Doha (DOH) to Lusaka (LUN) QR1455 departs: 02:20 arrives: 08:50

Lusaka (LUN) to Harare (HRE) QR1455 departs: 10:20 arrives: 11:20

Harare (HRE) to Lusaka (LUN) QR1456 departs: 18:55 arrives 19:55

Lusaka (LUN) to Doha (DOH) QR1456 departs: 21:25 arrive 05:55 (+1)

 

Download BAO E-MAGAZINE

Continue Reading

Press Release

AI for Good Global Summit founder Stephen Ibaraki confirmed as AI Expo Africa 2021 keynote speaker

Published

on

AI for Good Global Summit founder, Stephen Ibaraki (Source: AI Expo Africa)

AI for Good Global Summit founder, Chairman of the AI for Good Outreach Committee, industry analyst, venture capitalist and serial entrepreneur Stephen Ibaraki has been confirmed as a keynote speaker for AI Expo Africa 2021 ONLINE which takes place 7th to 9th September.

Ibaraki is the first VIP keynote speaker to be confirmed for AI Expo Africa 2021 ONLINE. In his keynote address, entitled, “5th Machine Age Driving Digital Reshaping” he intends to explore the “Society 5.0” and “Smart Humanity”.

Ibaraki who is a 16 time recipient of the Microsoft Most Valuable Professional (MVP) award, most recently in the Artificial Intelligence (AI) category, is also the chairman and managing general partner of REDDS Capital. In addition to more than 300 awards and recognitions as well as over 300 global engagements impacting over $100-trillion in sustainable investments, Ibaraki is also a contributor for IT World Canada and Forbes on issues around AI.

Ibaraki’s keynote abstract states, “In popular stories about Chaos Theory, the wing beats of a butterfly in Geneva, are connected to the violent storms in your hometown in Africa. Global ecosystems, all interconnected thus force multiplied and amplified, are at an historical inflection point. These are founded on technology acceleration, with more disruption in 5 years, than the last 10,000 years. This Digital Reshaping will forever change governments, industry, academia, education, investments, startups, media, society, culture, our lives and our children’s future. What will the world look like, advanced by Smart Humanity, Society 5.0, 5th Machine Age, AI and innovation trends addressing global challenges and opportunities? What are the exponential change making innovations you must track, implement, and resources you must use to ensure success and not failure during these chaotic next five years?

Now entering it’s fourth successful year, AI Expo Africa is Africa’s largest B2B / B2G AI, RPA and 4IR smart tech trade event and conference, with the 2021 edition building to be the biggest yet with over 5000 delegates registering interest and expected to join the three-day online event.

Dr Nick Bradshaw, founder of AI Expo Africa and CEO of AI Media Group commented, “It’s a real honour to welcome Stephen as one of our VIP keynote speakers.  We have been working with the ITU, Geneva since 2019 around partnering with the global AI4Good movement and the Africa region and this is another great commitment towards growing collaborations around AI4Good in our region. This announcement follows the recent conclusion of the first African focused ITU AI4Good Innovation Factory Challenge that received 44 applications from 12 African countries & 5 finalists using AI-powered innovation for diverse sectors in Africa covering Fintech, Agritech, Cleantech, and Insurtech.”

Over 30 organisations have so far signed up to exhibit at the expo. These include headline event partner Intel, Darktrace, Future Tech, Automation Anywhere partner 1ai, The Embassy of Switzerland in South Africa, InstaDeep, Aizatron, IBA Group, Zindi, Versus, Comparisure, Robotiq AI Africa, ecosystem Ai, Cognizance, Inspired Testing, Atura, Amathuba AI, COGO People Analytics, Elzware, WizzPass, Fliptin, Kosa AI, Learning Machines, Social Lab, Ashanti AI, and Curacel.  In all about 80 speakers will make up the speaker list at AI Expo Africa 2021 ONLINE, with more keynotes set to be announced in the coming weeks.

 

Download BAO E-MAGAZINE

Continue Reading

Ads

Most Viewed