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Africa, Business in Africa, Diamonds, Heritage, Minarals, Natural Resources, Wealth -

The Southern African nation of Botswana is facing one of the most testing economic times in its history. The country, globally known for its prudent fiscal and resource management over the last 49 years of democracy, today is looking at an uncertain future as its core earner – diamonds – struggles to sell on the global market. Botswana’s diamond industry currently contributes 35% to fiscal revenue and the industry contributes around 20% to GDP. This makes the diamond industry – mining, cutting and polishing, and sales – the most important economic activity for the country. It is for this reason...

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