De Beers To Invest In Diamond Start-Ups

Managing Director of Debswana Diamond company Balisi Bonyongo(second from left) during comapny 48 years of existence celebration .PIC: KENNEDY RAMOKONE
Managing Director of Debswana Diamond company Balisi Bonyongo(second from left) during comapny 48 years of existence celebration .PIC: KENNEDY RAMOKONE

The De Beers Group has announced the creation of De Beers Ventures to actively consider the acquisition of minority equity stakes in start-ups and growth companies.

The new initiative will consider small investments in areas that may include downstream distribution, consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies. The objectives of the investments will be to generate returns that are both strategic and financial.

Tom Montgomery, Senior Vice President of Strategic Initiatives, De Beers Group, said: “Not all good ideas can be generated or executed by a large corporation.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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