De Beers Group has injected an initial P1 billion into Botswana’s Diamonds for Development Fund, placing fresh capital behind the country’s drive to reduce its dependence on diamonds. The bigger question is whether the fund can turn that money into investable businesses, export growth and jobs.
Established through a partnership between the government and De Beers, the fund is intended to channel capital into enterprise development and build alternative sources of economic growth. Its ambition reflects a longstanding challenge for Botswana: converting mineral wealth into a more diversified and resilient economy.
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