'We will secure majority stake in De Beers to drive Botswana’s growth' — President Boko

President Duma Boko announced during his State of the Nation address in Gaborone that Botswana plans to obtain a ‘majority stake’ in diamond giant De Beers.

Anglo American, a large multinational mining company that currently owns 85 per cent of De Beers, is set to sell its stake, with De Beers valued at 4.9 billion dollars; this allows Botswana to acquire majority control.