The Almanack Brief

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Sovereign wealth fund · Botswana

Pula Fund

Pula Fund · established 1994 · bankofbotswana.bw

Assets under management
$2.0B

BWP 27865.2mn (USD 2053.7mn stated) · as of 2025-12-31 · fund-reported / official · source · retrieved 2026-09-01

Audited BoB statement (USD equivalent stated in report); nearly halved from BWP 38.46bn end-2024 amid reserve drawdowns

Rank #100 in The Sovereign 100 (2026).

Disclosure grade  D  7/16 · edition 2026, rubric v1.0

●●AUM disclosure
●●Audited financials
Reporting cadence
●●Holdings detail
●●Performance
Governance
Strategy & allocation
●●Regulatory filings

Reported within audited Bank of Botswana statements; no holdings or returns; managed inside central bank.

Corrections & updates

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Cite as: Capital Almanack, “The Sovereign 100” (2026), capitalalmanack.com/funds/pula.html

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