Last year, Botswana’s outgoing President Mokgweetsi Masisi made a significant deal with De Beers, one of the largest diamond companies in the world. This agreement would gradually increase Botswana’s share of diamonds from the Debswana joint venture, which is a partnership between the country and De Beers, to 50% over the next ten years. This sounds promising, but there's a catch: the deal hasn’t been signed yet!
Enter Duma Boko, Botswana’s newly inaugurated president. He’s stepping into a complicated situation and is eager to finalize a new agreement with De Beers as soon as possible. In a recent statement, he expressed concern about the ongoing negotiations, indicating that De Beers might even consider pulling out of Botswana entirely. "That would be very dangerous for our country," he warned.
Boko, who recently led his party to victory, is aware of the stakes. The relationship between Botswana and De Beers could be at risk if the negotiations are not handled properly. He ...
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