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MDCB targets $1bn investment portfolio by 2028

Prime asset: MDCB holds equity on behalf of government in De Beers
Prime asset: MDCB holds equity on behalf of government in De Beers

State minerals investment firm, Minerals Development Company Botswana (MDCB), is assessing investment opportunities valued between one and two billion pula as part of a target to ramp up its portfolio to $1 billion (P13.7 billion) in the next five years.

Briefing editors last week, MDCB executives said the investment firm currently had a P7 billion portfolio and was keen to add more assets as part of a strategy to grow the company into Botswana’s largest investor and a significant contributor to government.

The transactions of between one to two billion pula are in the local market and cut across various commodities and stages of development.


Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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