De Beers injects P11.3 Billion into Botswana’s economy

Despite one of the toughest stretches the global diamond industry has faced, De Beers contributed an estimated P11.31 billion to Botswana’s economy in 2025, underscoring the company’s lasting economic importance. The latest data reveals that although global diamond demand remained soft, the miner still generated billions through taxes, local procurement, wages, and shareholder returns. These results highlight Botswana’s ongoing reliance on the diamond sector, even as the industry undergoes significant structural shifts. Anglo American’s 2025...

US diamond boom ignites Botswana’s P7 Billion hope

Botswana’s diamond industry has received a powerful vote of confidence as De Beers reveals that American consumers are spending more on natural diamonds than ever before. This surge boosts hopes that the company’s new partnership with Botswana could unlock a P7 billion development fund and restore faith in the sector. Despite mounting competition from synthetic alternatives, natural diamonds remain the most coveted luxury jewelry in the United States. This upbeat outlook arrives at a pivotal...

UB’s Million-Dollar Sandbox: The race to build tech titans

The debate over whether Botswana’s universities are driving meaningful economic change has sharpened following candid remarks from University of Botswana Vice Chancellor Professor David Norris. He insists that true impact, empowerment, and livelihood creation must define the modern university, not academic output alone. His comments have brought new scrutiny to whether UB’s innovation agenda is turning ideas into industries or merely producing prototypes. Botswana’s flagship innovation hub is nurturing advanced technology and ambitious startups. But...

Botswana holds multi-billion Pula in ivory stockpile

Botswana currently stores approximately 300 tonnes of confiscated elephant tusks in government facilities, a stockpile valued at potentially millions of dollars on the international market, yet unsellable under existing trade restrictions. This was revealed by Moemi Raeshimane Batshabang, director of the Department of Wildlife and National Parks (DWNP), during Day 7 of the Standing Committee on Government Assurances’ review of the Ministry of Environment and Tourism. The seized ivory is securely held by government authorities...

Why Government is ready to walk away from P18 Million a year

Botswana government is gearing up for one of its boldest environmental shifts yet: a complete ban on single-use plastics by 2027. This comes even as the national plastic levy continues to bring in about P1.5 million every month. The move marks a clear turn from simply taxing plastic use to outright eliminating it, aiming for a cleaner, more sustainable economy. If successful, Botswana will join a growing group of African nations taking serious steps to...

ODC’s expansion in India sparks transparency concerns

Botswana’s state-owned Okavango Diamond Company (ODC) has extended its operational reach into India, conducting rough diamond viewing sessions in Mumbai. This move has prompted fresh questions about the company’s presence in the Asian diamond hub and why details of the arrangement remain undisclosed. Documents released ahead of ODC’s May 2026 Spot Auction reveal that the company held diamond viewings in both Gaborone and Mumbai. The Mumbai sessions took place from April 20 to April 24...

Diamonds face new challenges in the AI Era

Botswana is mounting a bold effort to reposition its diamond industry at the crossroads of global finance, technology, and storytelling. Industry leaders are sounding the alarm that traditional approaches to selling natural diamonds will no longer suffice amid growing competition from lab-grown gems. This urgency was clear at the World Federation of Diamond Bourses Botswana Summit, where speakers painted a future shaped by artificial intelligence, blockchain technology, and financial innovation. Executives emphasized that Botswana must...