Botswana eyes $17bn US fund

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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.

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