To understand the current tension, one must look at Debswana—the 50/50 joint venture between the Botswana government and De Beers. For half a century, this partnership has transformed Botswana from one of the world's poorest nations into a middle-income success story. Diamonds account for roughly 30% of the country’s GDP and the vast majority of its foreign exchange earnings.
The diamond industry has also had a significant impact on the people of Botswana. The industry has created jobs and generated revenue, but it has also been criticized for its treatment of workers and its impact on local communities.
Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News ~repack~
To understand the current tension, one must look at Debswana—the 50/50 joint venture between the Botswana government and De Beers. For half a century, this partnership has transformed Botswana from one of the world's poorest nations into a middle-income success story. Diamonds account for roughly 30% of the country’s GDP and the vast majority of its foreign exchange earnings.
The diamond industry has also had a significant impact on the people of Botswana. The industry has created jobs and generated revenue, but it has also been criticized for its treatment of workers and its impact on local communities. To understand the current tension, one must look
