Botswana to Double De Beers Stake to 30%; Namibia, Angola to Join

Botswana's President Duma Boko announced the country will increase its stake in De Beers to 30%, with Namibia and Angola also acquiring stakes alongside a consortium led by Gareth Penny. This marks a significant shift in diamond industry ownership, potentially altering supply chain dynamics and pricing power. The deal's terms and timeline remain unclear, but it signals increased state control over diamond resources in southern Africa.

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