Mmegi

BDC, Debswana partner for diversification drive

Partners: Keabetswe and Motsomi signed the agreement on Monday PIC: MBONGENI MGUNI
Partners: Keabetswe and Motsomi signed the agreement on Monday PIC: MBONGENI MGUNI

State economic diversification agency, the Botswana Development Corporation (BDC), is formally partnering with Debswana as the diamond giant pivots into other initiatives and ventures beyond diamond mining.

Debswana has reportedly received preliminary board-level approval for its diversification strategy, which seeks to leverage the group’s expertise, non-diamond assets and interests into broader ventures beyond diamond mining.

Previously released hints by the diamond group indicated that Debswana was looking at opportunities such as solar power generation, biofuel generation, data monetisation, local manufacturing, small-scale mining, repair and maintenance, sustainable eco-tourism and others.

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