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
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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