mmegi

The missing step to the downstream diamond dream

Pressing on: Masisi has made his goals for the country’s diamonds very clear PIC: MORERI SEJAKGOMO
Pressing on: Masisi has made his goals for the country’s diamonds very clear PIC: MORERI SEJAKGOMO

The global diamond jewellery industry generated values of about $85 billion in 2021, dwarfing the $15 billion shared by the various countries that actually dig for the shiny stones. As the debate continues on how Botswana can get a foothold in the downstream riches, a 150-year French school may hold some of the answers. Staff Writer, MBONGENI MGUNI reports

“I was in Paris, looking at Louis Vuitton’s holding company with its leader.

“That company exceeds De Beers by 100 and it exceeds Anglo America five times, in terms of size. It’s huge.

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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