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US backs Botswana’s bid to value-add minerals

Friday, July 14, 2023 | 3510 Views |

One mission: Heads of State, members of the Corporate Council on Africa and other dignitaries at the official opening of the US Africa Business Summit this week PIC: BITC FACEBOOK

The International Development Finance Corporation (DFC), a key American government investment agency leading that country’s delegation to the US-Africa Business Summit, has endorsed efforts by mineral-rich countries such as Botswana to add more value to their resources in their home soils.

DFC CEO, Scott Nathan, appointed to his position in February 2022 by President Joseph Biden, told the summit that in-country beneficiation of minerals, particularly the highly sought-after battery metals required for the global energy transition, was appropriate.

The DFC engages in both debt and equity investments outside the US and has an $11 billion portfolio in Africa, with transactions of $1 billion under consideration this year.

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US backs Botswana’s bid to value-add minerals

The International Development Finance Corporation (DFC), a key American government investment agency leading that country’s delegation to the US-Africa Business Summit, has endorsed efforts by mineral-rich countries such as Botswana to add more value to their resources in their home soils.

Human rights are sacred

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First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

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Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred