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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

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.

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MDCB targets $1bn investment portfolio by 2028

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.