mmegi

HB deal a signal of govt’s goals in diamonds

New partnerships: Masisi unveils the logo for HB Botswana on Monday PIC: HB ANTWERP
New partnerships: Masisi unveils the logo for HB Botswana on Monday PIC: HB ANTWERP

While government’s equity deal with HB Antwerp, announced this week, is a clear sign of where the state sees greater value for the country as the major diamond mines reach maturity, analysts are watching for one key factor: scale.

More accurately, those monitoring the deal with HB Antwerp are weighing its scalability.

The three-year-old Belgian firm has built high expectations around what it can deliver.

Editor's Comment
The State apparatus must be sanitised

When the State cannot rely on its own machinery to pursue suspected wrongdoing, repairing that machinery must become a national priority.The establishment of a Special Investigations and Asset Recovery Task Force may help government respond to the immediate challenge. However, Botswana cannot afford to leave the Directorate on Corruption and Economic Crime (DCEC) and the Directorate of Public Prosecutions (DPP) struggling whilst building...

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