Botswana Seeks De Beers Control; Jumia Rides Trade War Tailwind | Bloomberg Next Africa

Tue, 21 Oct 2025 09:05:13 +0000

On this episode of Next Africa: Botswana President Duma Boko tells Bloomberg Television he aims to complete a deal to take a majority stake in De Beers by the end of next month. Botswana wants control of the diamond company to exercise greater sway over the entire international supply chain, particularly to emphasize the superiority of natural diamonds. Plus, as US President Donald Trump's tariff war redraws global trade maps, we explore how auto makers from the Global South are challenging the dominance of Western players on the continent. We also hear from Jumia CEO, Francis Dufay, who says the current trade environment is causing a shift in global supply chains -- making it easier to bring goods from China to Africa. And Ethiopia switched on Africa's largest hydropower project -- a milestone that's been a source of tension with Egypt and Sudan over river Nile's flow.

00:00 - Introduction
00:58 - Ethiopia powers up Africa's largest dam
07:28 - Investing Africa: Richard Okello, Sango Capital
08:39 - Botswana President on diamond demand downturn
15:03 - US tariffs hit Africa auto sector
18:51 - Jumia CEO on supply shift from China
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