Gaborone, Botswana – Since its establishment in 2021, NMG Administrators Botswana has made significant strides in transforming retirement planning and financial literacy in the country. At a media brunch held in Gaborone, the organization reflected on its key achievements and shared ambitious plans for 2025.
Achievements in Retirement Planning
Chief Executive Officer Motshabi Mokone highlighted NMG’s mission to ensure that individuals nearing retirement are both financially and psychologically prepared.
“Our aim is to ensure that every individual approaching retirement is not only financially prepared but also psychologically ready for the next phase of their lives,” Mokone remarked.
Among the organization’s notable achievements in 2024:
• Pre-Retirement Counselling Services: Launched in April, these sessions aim to help individuals transition smoothly into retirement.
• Retirement Consultations: Introduced in June, this service has already conducted over 2,278 annuity consultations and 61 group counselling sessions, positively impacting thousands across the country.
Key Insights from Counselling Initiatives
NMG’s counselling sessions revealed the critical importance of:
• Early education on retirement planning.
• Building financial resilience to address both short- and long-term goals.
• Developing sound money habits to secure financial stability during retirement.
This approach integrates financial coaching with broader transition planning, equipping members with tools to navigate the complexities of retirement.
Driving Financial Literacy Nationwide
Recognizing the role of financial education in securing Botswana’s future, NMG continues to collaborate with stakeholders to promote:
• Budgeting and debt management skills.
• Enhanced retirement savings strategies.
“Financial literacy is the cornerstone of a secure future,” Mokone emphasized. “This is more than a corporate goal—it’s a national imperative.”
Vision for 2025 and Beyond
As part of its forward-looking strategy, NMG will roll out in-house financial services in 2025, aimed at expanding employee benefits and providing customized solutions to its clients. This new suite of services reflects the company’s commitment to empowering members with innovative tools and support for their financial well-being.
“Our commitment remains unwavering: to find better ways to serve our members and help them achieve financial security and peace of mind,” Mokone concluded.
A Leader in Employee Benefits
With a clear focus on innovation and impact, NMG Administrators Botswana has solidified its position as a leader in employee benefits solutions, playing a pivotal role in shaping financial well-being for a better Botswana.
The organization’s efforts are a testament to its dedication to fostering long-term financial security and empowering citizens across the nation.
