BCP shoots down Botswana‘s planned De Beers takeover

Friday, October 10, 2025 | 800 Views |

The main opposition, the Botswana Congress Party (BCP), has strongly condemned the government’s planned De Beers takeover, implying the move could be a financial strain on the country at large.

This concern follows President Duma Doko’s announcement to the world on CNN that by the end of October 2025, Botswana would have concluded a deal with Anglo American that would raise the country’s stake in De Beers to more than 50%.

Using Anglo American's attached book value of $4.1billion to De Beers, it is reported that, assuming this is Anglo’s pricing, Botswana will have to raise at least $1.476 billion, approximately P19.63 billion, to acquire an extra 36% of the shareholding in De Beers.

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