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New De Beers’ CEO plans downstream partnership with Botswana

New broom: Cook during his meeting with local media last week PIC: MBONGENI MGUNI
New broom: Cook during his meeting with local media last week PIC: MBONGENI MGUNI

De Beers’ new CEO, Al Cook, believes room exists for the diamond giant and Botswana to leverage on their brands and jointly pursue opportunities in the jewellery retail market, the much-desired Promised Land government is pushing for a foothold in. Staff Writer, MBONGENI MGUNI reports

Sharing his list of priorities as the new CEO in his first meeting with local media recently, Al Cook spoke about a plan he said Batswana would “be hearing a lot more about”.

“It is about how we expand along the value chain towards retail, towards the point where someone puts a beautiful piece of jewellery on their finger or bracelet or necklace,” he said.

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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