Frequently asked questions

iPRO (Botswana) Pty Ltd is a majority citizen-owned, NBFIRA-licensed asset management firm established in Gaborone in 2007. We manage investment portfolios for institutional clients, pension funds, and retail investors, and operate the iPRO Botswana Money Market Fund (IBMMF) through our unit trust subsidiary, iPRO Botswana Fund Management Pty Ltd.

Yes. iPRO Botswana is licensed by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) as an Asset Manager under the Securities Act of Botswana. The firm is also classified as a Public Interest Entity (P.I.E.) by the Botswana Accountancy Oversight Authority (BAOA).

iPRO Botswana is majority citizen-owned, with a minority staff ownership structure that aligns the interests of the team with those of clients. Gavekal Group (Hong Kong) holds a strategic minority shareholding of approximately 32%. The Board of Directors is 100% Batswana citizens.

We serve a range of clients including pension funds, insurance companies, corporates, parastatals, high-net-worth individuals, and retail investors. The iPRO Botswana Money Market Fund (IBMMF) is available to both institutional and individual investors.

Our core products are:

• iPRO Botswana Money Market Fund (IBMMF): a regulated unit trust offering capital preservation and consistent income.
• Segregated portfolios: bespoke portfolio mandates for institutional clients with specific investment policy requirements.

Contact us to discuss the product that best suits your needs.

The minimum initial subscription for the IBMMF Class A is P1,000. For institutional segregated mandates, minimums vary by mandate type. Please contact our client services team for guidance.

The IBMMF is a regulated Botswana money market unit trust, designed to provide capital preservation and competitive income returns. The fund invests primarily in short-term fixed income instruments issued by the Government of Botswana, commercial banks, and high-quality corporate issuers.

Income is accrued daily and distributed to unitholders on a monthly basis. Investors may choose to reinvest distributions or receive them as cash, subject to the terms of their investment agreement.

The IBMMF is designed for liquidity. Redemptions are processed within the standard settlement period. Please refer to the fund's Scheme Particulars or contact our team for the exact terms applicable to your investment class.

Fees vary by product and mandate type. The IBMMF charges an annual management fee that is deducted from the fund prior to calculation of the net asset value, meaning the published returns are net of fees. Full details are available in the fund's Scheme Particulars. Contact us for a fee schedule for segregated mandates.