Boko rebuffs IMF on De Beers’ pursuit

Tuesday, December 16, 2025 | 280 Views |

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.

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Boko rebuffs IMF on De Beers’ pursuit

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).

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