Mmegi

Botswana eyes $17bn US fund

Reaching out: The Finance Ministry is finalising a medium term debt strategy, which will outline the country’s plans for loans and similar products
Reaching out: The Finance Ministry is finalising a medium term debt strategy, which will outline the country’s plans for loans and similar products

Botswana’s appetite for Foreign Direct Investment has seen it set its eyes on the Millennium Challenge Corporation (MCC), an American investment fund which has thus far sown investment capital of over $17 billion (P231bn) in different African countries.

Speaking to BusinessWeek during the recently ended US-Africa Business Summit held in Dallas, Texas, a highly placed MCC insider said Botswana has applied to be a beneficiary of the MCC, as part of efforts to revive barren sectors and state-owned entities.

Botswana’s application comes as the country doubles down on selling its story as an investment hub for international financiers and corporations.


Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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