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.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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