BCP, UDC accuse Masisi of compromising gov’t/De Beers talks


FRANCISTOWN: Botswana Congress Party (BCP) and Umbrella for Democratic Change (UDC) have warned that government should tread carefully during talks with De Beers over a fresh sales deal or risk throwing the country into chaos.

The position of the UDC and BCP come just days after Alliance for Progressives (AP) president, Ndaba Gaolathe appeared to express reservations about the government’s overall approach to the negotiations with De Beers.

President Mokgweetsi Masisi is on record saying Botswana wants to get the best out of the negotiations with De Beers. The talks with De Beers over a new mining deal are expected to be completed in June. The consensus amongst many is that Botswana would not have achieved much without diamonds. Mining contributes about 35% to GDP, of this, 94% is from diamonds.

Editor's Comment
CAF is a joke, but...

We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...

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