Lack of robust economic activity on the local front is keeping a tight leash on the filthy rich Botswana Public Officers Pension Fund (BPOPF) from spreading tentacles and making money spinning investments to diversify and revive the economy. With an investment of just 45 percent (about P24.7) billion of its total assets under management in different sectors in Botswana, BPOPF is running out of options as even the miniscule BSE has limitations. BPOPF remains a key contributor to the economy and in particular non-bank financial institutions sector, wherein total assets increased by 17 percent to P113 billion in 2015 from only P97 billion in 2014, mainly boosted by retirement funds which registered a 25.4 percent increase. Pensions’ regulator NBFIRA reports that in 2015 the NBFI sector held 78 percent of the GDP, representing a 10 percent jump from the previous year. The impact of BPOPF on the local economy is best captured by a sharp drop in the assets under management of the NBFI sector when the fund externalised the management of a portion of its assets. The total assets of NBFIs declined from P62 billion to P50 billion in that period between 2014/15. With a no-nonsense Chief Executive Boitumelo…