MDCB targets $1bn investment portfolio by 2028
Friday, December 15, 2023 | 1360 Views |
Prime asset: MDCB holds equity on behalf of government in De Beers
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.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...