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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.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred