First Independent Mena Newspaper
Botswana is racing to finalize a deal for majority control of diamond giant De Beers by the end of October, as President Duma Boko declares the move “a matter of economic sovereignty for Botswana.” The southern African nation, already holding 15% of De Beers, is negotiating with Anglo American, which is divesting its 85% stake […]
Botswana and South African mining giant De Beers have finalized a landmark 10-year agreement, enhancing the country’s stake in diamond sales and providing a boost to its critical diamond sector. After six years of negotiations, the deal will see Botswana’s share of rough diamond sales rise from 25% to 30% in the first five years, […]