14 Apr 2026

The Botswana Police Savings and Loan Guarantee Scheme was established in 1999 as an in-house welfare scheme. 

This was said by Assistant Minister for State President, Defence and Security, Ms Maipelo Mophuting-Dikoloti when responding to a question from Member of Parliament for Tati East, Mr Tlhabologo Furniture on Monday. 

Ms Mophuting-Dikoloti said the objective of the scheme was meant to enable regular savings by officers during their employment to maximise their financial security at the end of their service. 

“This was also intended to allow officers to use recognised financial institutions for financial assistance, to enhance officers’ creditworthiness so that they could purchase property and to promote an investment culture among members,” the assistant minister said.

She added that it was also set to enhance the commitment of members of the service to long-term service in view of accrual returns within the service and to enhance officers’ motivation at work, knowing that they were financially stable as well as motivate them at work, knowing that they were financially secure. 

She also explained that membership was open to both serving and retired members of the police service, as stipulated under Regulation 68 (9) while Regulation 68 (11) provided the framework for the member contributions. 

She said initially, members were required to contribute a minimum of P100 per month, which was later revised to P300 in 2021. 

Contributions, she said, were invested with different financial institutions at an agreed interest rate and interest earned was distributed to scheme members proportionate to their individual savings. 

She said so far, the scheme remained sustainable in terms of meeting the objectives.

She further clarified that dividends paid out in 2025 were declared from funds accumulated through Mphemphe Insurance Agency (MIA), which was a Special Purpose Vehicle (SPV) established in 2019 to provide negotiated insurance solutions to scheme membership and were the first dividends to be declared from the MIA operations. 

“Dividends were paid only to serving and retired members of the police service, who were contributing monthly to the scheme at the time (active scheme members), in accordance with Regulation 68 (11) of the Police Act,” she said. 

The Tati East MP had asked the minister to apprise Parliament of the Botswana Police Savings and Loan Guarantee Scheme’s performance over the last year. 

Mr Furniture also requested that the minister state the years for which dividends were declared and clarify the status of all dividends declared since the scheme’s inception in 1999. 

Furthermore, he inquired about the criteria used to select retired officers for payouts, noting that some former members appeared to have benefited while others were excluded. ENDS