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What is behind Masisi's gem deal? | Article Preview

Citing resource control, the President is joining with a Belgian start-up diamond trader to challenge the De Beers empire, After 54 years in mining diamonds and 10 years in trading them, Botswana is moving downstream in the business by taking a 24% stake in Belgiums HB Antwerp, a diamond trading, cutting and polishing start-up company.
United Kingdom De Beers Africa Confidential United Kingdom European Union Account Credit European Union

Mowana Mine to open, pay employees millions

Mowana Copper Mine in Dukwi will finally pay its former employees a total amount of P23, 789, 984.00 end of this month. For over three years Mowana Copper Mine has been under judicial management. Updating members, Botswana Mine Workers Union (BMWU) Executive Secretary Kitso Phiri this week said the High Court issued an order for the implementation of the compromise scheme of December 9, 2021 and this was to be done within 30 days after court order.
Kitso Phiri Max Power Botswana Mine Workers Union Leboam Holdings High Court Mowana Copper Mine

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FEATURE-Dump diamonds for digital? Botswana bets on tech

Instead, it is banking on the minds of its citizens who have benefited from a free education, say government officials. "We need to diversify our economy...the fourth industrial revolution needs people in the digital world and our natural resources are finite," said Douglas Letsholathebe, minister of tertiary education, research, science and technology.
South East Douglas Letsholathebe Kedumetse Liphi Kgomotso Phatsima Kitso Phiri Kim Harrisberg

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