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Botswana: Govt and De Beers Advance P1bn Into Diamond Fund

Botswana: Govt and De Beers Advance P1bn Into Diamond Fund

Gaborone — Government and De Beers Group have advanced an initial P1 billion to the Diamonds for Development Fund, marking the fund’s transition into the implementation phase.

According to a joint press release issued by De Beers Group and the Ministry of Minerals and Energy, the fund is a partnership between the company and government aimed at channelling diamond wealth into non-mining sectors.

The fund is designed to unlock domestic, private, institutional and international capital to support…

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