Botswana politics, page-21

“It is Africa Alliance, a local Botswana incorporated asset manager that has been allocated a chunk of money by BPOPF to manage on their behalf.”

As per below;

As is required by the Pensions and Provident Funds Act, the BPOPF has in place management structures that enable it to function effectively. A Board of Trustees is the supreme body that manages the Fund and is comprised of Employer Trustees, Employees Trustees, a Pensioner Trustee, an Independent Trustee and the Principal Officer.

African Alliance will act with instruction and direction from the above. It isn’t just a case of “here is some money, make it work.”

The amount of DD taken by any institution prior to making investment is always extremely high. So it won’t be an off the cuff decision as portrayed in your post.