Botswana eyes $17bn US fund
Friday, May 17, 2024 | 630 Views |
Reaching out: The Finance Ministry is finalising a medium term debt strategy, which will outline the country’s plans for loans and similar products
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.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...