DTCB hosts US mega investors :: Mmegi Online

The Diamond Trading Company Botswana (DTCB) last week hosted a group of United States institutional investors representing assets over $2 trillion, who wanted first-hand information about the country’s diamond industry as a taste of the broader economy.

Delegates in the group included chief investment officers and other decision makers from institutional investors such as Bank of America Securities ($1.5 trillion in assets under management), Mercer ($380 billion) New York City Board of Education Retirement System ($267 billion) and several others.

Led by Prosper Africa, the institutional investors were in the country for the US Africa Business Summit, which attracted more than 1,000 delegates and several heads of state for four-day interactions centred around value chains. Prosper Africa is the US government initiative to increase trade and investment between African nations and the United States.

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