On Tuesday, the Botswana government finalized a significant diamond sales agreement with De Beers, marking a pivotal moment for its economy after seven years of negotiations.
This new deal enhances the government’s stake in diamond sales through Debswana, the joint venture with De Beers, which is a subsidiary of Anglo American.
The agreement is expected to bolster Botswana’s economic landscape, as the nation is recognized as the largest producer of diamonds by value and ranks second in volume, following Russia.
Diamonds play a crucial role in Botswana’s economy,…
