Adesina lays down ground rules on Diamonds for Development

Friday, September 18, 2026 | 0 Views |

Gathering momenum: Adesina’s task is taking shape PIC: MBONGENI MGUNI

The P1 billion Diamonds for Development Fund will not be a first-come, first-served, free-for-all cash grab, but a catalytic investment vehicle for economic diversification says its founding chair. Development finance veteran, Akinwumi Adesina, speaks to MBONGENI MGUNI

The recent establishment of a secretariat and offices for the Diamonds for Development Fund has sparked excitement of an additional supporting mechanism for the country’s economic diversification and transformation hopes.

Powered by an initial investment of P1 billion by De Beers under its sales agreement with government, the Diamonds for Development Fund is designed to ensure that the benefits flowing from precious stones go beyond their lifespan and power broader economic transformation.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

diamonds

epa13235352 Real Madrid's Jude Bellingham celebrates after scoring the 3-0 goal during the Spanish LaLiga soccer match between Real Madrid and Rayo Vallecano, in Madrid, Spain, 12 September 2026. EPA/BORJA SANCHEZ-TRILLO

Madrid Derby: Pride, Pressure and the Title Race

correspondent | 2d ago

Selefu

joey kambai | 39 m ago

Inside why Batswana are putting marriage on hold

Lewanika Timothy | 18 Sep 2026

Why local pension funds billions are chasing Dangote

Mbongeni Mguni | 18 Sep 2026

African Hero to sponsor football's Top 8

Mqondisi Dube | 2 h ago

Magosi part ways with coach after three games

Larona Makhaiza | 4 h ago

Botswana climate reporting gets boost as two join MESHA fellowship

staff writer | 4 h ago

Dipate’s busy court not getting any quieter

Spira Tlhankane | 18 Sep 2026

Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

Mmegi Editor | 18 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.