mmegi

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
Batswana should unite against A1 fatalities

The A1 highway, stretching from Ramatlabama to Ramokgwebana, is the backbone of Botswana's transport network. It carries passenger buses, private vehicles, haulage trucks and cross-border commercial traffic linking Botswana with other SADC countries. Yet, despite its strategic importance, the road remains narrow, congested and increasingly dangerous.Successive governments have acknowledged the need to upgrade the A1 into a dual carriageway....

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