Can Botswana Shift Beyond Diamonds?
In Botswana, the new administration arrives at a time of heightened economic uncertainty. Unemployment continues to rise, and global demand for diamonds, a cornerstone of the country’s economy, is slowing. As the world’s second-largest producer of natural diamonds, Botswana faces a pressing need to diversify its economy away from diamond dependence. Experts argue that assertive negotiations with key players like De Beers may be critical in this new era. Political and economic risk analyst Marisa Lourenco shares insights into the government’s approach, discussing the potential impacts of lab-grown diamonds and the viability of alternative…
