diamond

For Botswana, Africa’s largest diamond producer, navigating the current landscape of diamond mining is akin to walking a tightrope. Diamonds are not merely precious stones here; they are the backbone of the nation’s economy, accounting for around 80% of export revenue. However, the shifting market dynamics present serious challenges that jeopardize the stability of this vital sector. In recent years, we have witnessed a noticeable reduction in demand for natural diamonds. This downturn is intensified by a surge of…

A 1098-carat diamond was discovered this week in Botswana, in the Jwaneng mine, located a few dozen kilometers from Gaborone, in the southeastern part of the country. It is the third largest known diamond in history. On Wednesday, Botswana President Mokgweetsi Masisi was able to hold in his hands a transparent stone the size of…

However, in a deep economic crisis, Angola needs new money to revive its economic machine. The authorities have therefore decided to privatize the diamond and oil sectors, two flagships in its economy. Privatizations should take place by the end of 2021, according to Finance Minister Vera Daves Da Souza, who made it clear she…