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From mine to mistress 

For finance expert and researcher-cum politician Ndaba Gaolathe of the Alliance for Progressives, the underlying concern should be whether Botswana has a plan to move into the gaping lacuna that would certainly result if the government broke its ties with De Beers and became hostile to the country as a competitor. As things stand, Botswana still exports stones in raw form because the much-vaunted skills transfer and investment in value chain development have been negligible

mm by Kitso Dickson
June 1, 2023
in News
Reading Time: 1 min read
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From mine to mistress 

JWANENG 11 May 2023, A general view of haul trucks carrying ore of the open pit of the Jwaneng Diamond Mine in the south-central Botswana on 11 May 2023. The Jwaneng diamond mine is the richest diamond mine in the world owned by Debswana, a partnership between the De Beers and Botswana government. (Pic:Monirul Bhuiyan/PRESS PHOTO)

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During a gathering in Gaborone this week, the leader of opposition Alliance for Progressives (AP), Ndaba Gaolathe, put on his economic hat and weighed in on the fuss over the De Beers/Botswana divide which has generated debate like no other in independent Botswana and drawn unprecedented attention to the small landlocked diamond rich country.  

Gaolathe is a finance expert and researcher by profession, having worked at BIDPA, the Botswana Institute of Development Policy Analysis, and several finance institutions. Toward the end of his speech that evening, he warned: “It would be a blunder of grave proportions to walk away from De Beers without a plan.” 

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Tags: Alliance for ProgressivesDe BeersDebswanaNdaba Gaolathe

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