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
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

Have a Story? Send Us a tip
arrow up