Botswana and De Beers Seal Historic Deal, Unveiling BWP 1 Billion Development Fund. The Botswana government and De Beers have signed a transformative agreement aimed at advancing economic growth, job creation, and diversification in the country’s diamond sector. A key highlight of the deal is the launch of the Diamonds for Development Fund, which will start with an initial investment of BWP 1 billion ($75 million).
The agreement marks a significant step in Botswana’s long-standing partnership with De Beers, reinforcing the country’s vision of leveraging its diamond wealth for sustainable development. The Diamonds for Development Fund is expected to drive new economic opportunities beyond mining, fostering long-term benefits for Botswana’s citizens.
The fund will focus on initiatives that support job creation, skills development, and industrial growth. It aligns with Botswana’s Vision 2036, a national strategy aimed at transforming the economy into a high-income, knowledge-based society.
Botswana has been a key player in the global diamond industry, with its partnership with De Beers playing a crucial role in the country’s economic success. This new agreement strengthens that relationship while ensuring greater returns for Botswana’s economy.
