Botswana’s diamond dilemma| glObserver Global Economics

The waste pile from Debswana’s Jwaneng diamond mine is visible for miles across southern Botswana’s wide, flat plains. Additional than a billion tonnes of dirt have been dug up there over additional than 30 years of excavations.

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Diamonds make up over 60 % of the country’s exports and additional than a quarter of its GDP. De Beers, and its local joint venture Debswana, are by far the dominant player in the sector and the economy.

Unlike so a lot of other nations dependent on a single natural resource, Botswana has developed rapidly, rising from part the poorest nations in the world at independence in 1966 to one of Africa’s wealthiest.

See on Scoop.itglobserver africa


Author: globserver

Director of Eyecom china

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