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BCP shoots down Botswana‘s planned De Beers takeover

Friday, October 10, 2025 | 770 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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BCP shoots down Botswana‘s planned De Beers takeover

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.

A promising step for public schools, but...

Does the left hand know what the right hand is doing at BFA?

New public co. to transform school infrastructure

Parly rejects motion on judicial officers' 'security unit'

Keorapetse rules on Moswaane's exaggerated counterfeit medicines claims

Small stock theft hits Serowe

Woman torches boyfriend's house after finding another woman

Dog found feeding on foetal remains in Nkoyaphiri

A promising step for public schools, but...