The Botswana government has engaged a team of Swiss financial advisers to explore acquiring a larger stake in diamond giant De Beers, following Anglo American’s indication that it may exit the company.
Minister of Energy and Minerals Bogolo Kenewendo confirmed the development, noting that the international advisory team is assisting with strategic options that could potentially see Botswana strengthen its hold over one of the world’s most valuable diamond firm.
The move signals a decisive shift in Botswana’s long-term resource strategy under President Duma Boko, who has reportedly endorsed the plan as a national priority. The talks come amid growing speculation over Anglo American’s possible divestment from De Beers, in which it currently holds an 85% stake. Botswana holds the remaining 15%.
Sources close to the matter say Botswana is “desperately” positioning itself to purchase a portion of Anglo’s stake, an ambition that began under the previous administration but is now accelerating under new leadership.
The potential deal, if successful, could significantly alter the global diamond industry and bolster Botswana’s role as a key player in diamond production and trade.
