The Trustees of the Botswana Ash Staff Pension Fund (“the Fund”) are in the process of appointing a qualified and experienced individual to serve on the Fund as an Independent Trustee. The Fund is a Defined Contribution pension fund which is registered and approved by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
Job Summary
- Type: contract
- Location: Gaborone
- Category: Finance
- Closing Date: 2026-04-24
Key Responsibilities
- Manage the Fund in the best interest of the Members in accordance with the provisions of the Retirement Funds Act its Regulations, Fund Rules as well as any other applicable Legislation;
- Act independently and exercise their powers in a manner that is impartial and not influenced by inappropriate considerations;
- Ensure that adequate and appropriate information is communicated to the Members and beneficiaries informing them of their rights, duties and benefits in relation to the Fund.
Requirements
- Must have a degree in Business Administration, Finance, Accounting or Actuarial sciences.
- Must have experience in the retirement fund or financial services industry, as well as experience serving as a Board Member, which is not limited to a specific field related to retirement funds;
- Must have sound knowledge of corporate governance;
- Must have good communication skills as well as the required time and commitment to fulfil the role.
- The interested individual should have access to internet and be available to attend meetings virtually or physically.
How to Apply
Method: Qualified candidates are to submit their detailed curriculum vitaes with a covering letter via email.
Email Addresses (Send to all):
* lkuswani@botash.bw
* bmokgadi@mmila.cobw
Email Subject Heading: “Botswana Ash Staff Pension Fund – Application to serve as an Independent Trustee”.
Deadline: 24 April 2026, 17H00.
Enquiries: Any enquiries should be sent to the email addresses listed above.
Email Addresses (Send to all):
* lkuswani@botash.bw
* bmokgadi@mmila.cobw
Email Subject Heading: “Botswana Ash Staff Pension Fund – Application to serve as an Independent Trustee”.
Deadline: 24 April 2026, 17H00.
Enquiries: Any enquiries should be sent to the email addresses listed above.
About the Company
The Botswana Ash Staff Pension Fund is a specialized financial institution dedicated to managing and safeguarding the retirement benefits of employees at Botswana Ash (Botash). Operating exclusively within Botswana, this fund ensures that the long-term savings of its members are responsibly invested and administered according to local regulations. Its primary objective is to provide comprehensive financial security and a stable income stream for Botash staff upon their retirement. The fund plays a critical role in the welfare of Botswana Ash employees, contributing significantly to their future financial stability within Botswana's vibrant economy. It exemplifies commitment to employee well-being within the country's industrial landscape.
Securing retirement futures for the dedicated staff of Botswana Ash.
Frequently Asked Questions
What qualifications or experience are typically required for an Independent Trustee role in Botswana, particularly for a pension fund?
Independent Trustees usually possess strong financial literacy, governance experience, and a background in law, finance, or auditing. Relevant certifications in pension fund governance or corporate directorship are highly valued in Botswana's financial sector.
What are the common responsibilities and time commitments for an Independent Trustee of a pension fund in Botswana?
Responsibilities primarily involve strategic oversight, fiduciary duty, and ensuring compliance with the Pensions and Provident Funds Act. This typically includes attending board meetings, reviewing financial reports, and making decisions to safeguard beneficiaries' interests.
What are the key expectations regarding professionalism and work culture for an Independent Trustee within the Botswana financial services sector?
Trustees are expected to uphold the highest standards of ethics, transparency, and accountability, respecting local governance frameworks and cultural nuances. A strong commitment to fiduciary duty and proactive engagement in fund governance is paramount.
What are the potential career progression or growth opportunities after serving as an Independent Trustee for a pension fund in Botswana?
Serving as an Independent Trustee enhances one's profile in corporate governance and financial oversight. This experience can lead to opportunities on other boards, advisory committees, or senior non-executive roles within Botswana's public and private sectors.
What kind of remuneration and benefits are typically associated with an Independent Trustee role for a pension fund in Botswana?
Independent Trustees typically receive a stipendiary fee for their services, rather than traditional employment benefits like medical aid or pension. The remuneration is often commensurate with the fund's size and the trustee's responsibilities and time commitment.
When applying for an Independent Trustee role in Botswana, what do employers or appointing authorities typically look for in a candidate?
Appointing authorities seek candidates with demonstrable integrity, sound judgment, relevant financial or legal expertise, and a proven track record in governance. They value independence of thought and a clear understanding of a trustee's fiduciary obligations under Botswana law.