the monitor

Boko rebuffs IMF on De Beers’ pursuit

Up for grabs: De Beers' shareholding is set to change
Up for grabs: De Beers' shareholding is set to change

President Duma Boko has doubled down on government’s plans to snap up a majority stake in De Beers, brushing off recent advice against the move by the International Monetary Fund (IMF).

In an in-depth report on the country’s economy and trajectory released last week, the IMF advised Botswana against seeking a greater stake in De Beers, citing the country’s constrained fiscal situation and its already high dependence on the diamond sector.

Speaking at a Kgotla meeting in Kanye on Monday, Boko said the push for full control of De Beers was going forward.

Editor's Comment
Let's show compassion to baby Asli

Her story is heartbreaking not only because she is fighting for her life at such a tender age, but because her parents have spent months navigating a medical journey filled with uncertainty, delays, and rising fear.What began as something that seemed as simple as jaundice has escalated into a life-threatening condition that now requires an urgent liver transplant.For Asli’s parents, the reality is devastating. They are not asking for luxuries...

Have a Story? Send Us a tip
arrow up