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Botswana eyes $17bn US fund

Friday, May 17, 2024 | 590 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

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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Botswana eyes $17bn US fund

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.