Duma Boko on Botswana Economy, Wealth Fund, Diamonds and De Beers

Sun, 19 Oct 2025 18:21:24 +0000

Botswana President Duma Boko says the country is working on a fiscal consolidation plan to help generate efficiency in the economy. He says the country recently launched a new sovereign wealth fund to invest in sectors beyond diamonds. The southern African nation is pushing to secure a majority stake in diamond producer De Beers as Anglo American looks to divest its 85% stake in the firm. Boko tells Bloomberg's Jennifer Zabasajja that potential collaborators including the likes of Qatar and the Oman Sovereign Wealth Fund have been lined up.

00:00 Boko on Botswana economy, fiscal consolidation plans
02:00 Strategy for state-owned enterprises like Air Botswana
04:40 Sovereign wealth fund; Lobito refinery in Angola; Namibia oil block
06:35 Anglo American divestment: "firm intention" to raise De Beers stake
08:05 Challenge from fake diamonds; diamond prices due an upswing
10:06 Partners including Oman's sovereign wealth fund, Qatar, Angola
11:51 Botswana ratings downgrade; deadline for economic transformation
14:09 Do you worry about tariffs and geopolitics impacting economic plans?
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