- Target 2028 for financial security, pays Govt dividends
- MDCB investment portfolio value stands at P1.7 billion
The Minerals Development Company Botswana (MDCB) said it is targeting an investment portfolio valuation of up to US$1 billion by 2030, as it seeks to attract investment in to Botswana mining sector.
This revelation came at a meet and greet session with Journalists this week.
MDCB is the government’s mining investment arm. It manages an investment portfolio that includes prominent entities such as De Beers, Morupule Coal Mine (MCM), Minergy, and BCL. Collectively, these holdings contribute to an aggregate portfolio value of P1.7 billion at the present time.
MDCB Chief Executive Officer, Matome Malema said the MDCB is doing all it can to attract investments to Botswana mining sector, adding that their investment strategy is a broad three-way approach looking at the local, regional, and global investments respectively.
“We are on course to be a unicorn company and our aim is to be a $1 billion company by 2030. Our focus by 2028 is for us to reach financial security and start paying dividends to our shareholder, the government.”
“Our purpose is to build a sustainable Botswana and contribute immensely to economic growth by creating jobs and wealth for the government. There is a strong appetitive for investors to invest locally.”
Matome emphasised the importance of establishing a strong foundation of local investment for available assets before expanding to the regional and global investment portfolio.
According to Malema, MDCB is keen to acquire more assets to diversify the current portfolio.
“Our vision is to be a globally competitive mining and minerals investment company,” underscored Matome.
“We want to make sure that we generate key commercial returns for the government of Botswana and pay dividends from the investments.”
Additionally, Matome emphasised that the MDCB is deeply committed to advancing the Environmental, Social, and Governance (ESG) agenda. He highlighted that all actions undertaken by the company will resonate with its mandate, firmly aligned with ESG principles.
He said part of the MDCB mandate is to grow and diversify mining investment portfolio where the government is a shareholder and to offer advisory role both commercial and technical to government just to mention but a few.
MDCB Chief Investment Officer, Modise Mokone said the investment portfolio value of P1.7 billion under management at the moment could be grown further as the company pushes for more investments under its fold.
Mokone said the market value of the portfolio stands P9.4 billion, adding that the goal and aspirations as MDCB is to build the company as one of Botswana ‘s largest investors and largest payer of dividends to the government which is a 100 shareholder in MDCB.
“We are also playing a significant role in contributing to transformation and growth of our economy by playing our part in the creation of jobs.”
“Our investment strategy is clear on the targets and ambitions we have set for ourselves to achieve in attracting high value commercial returns from our investments portfolio that is diverse across mining sector.”
