Botswana plans to double its stake in diamond producer De Beers

November 10, 2026

Botswana plans to double its stake in diamond producer De Beers to 30% as part of Anglo American’s proposed sale to an investor consortium, per Reuters reports. President Duma Boko confirmed the country’s support for the deal, which would make Botswana the company’s largest shareholder. The country’s backing is crucial because it has the right of first refusal on Anglo American’s stake. The move would strengthen Botswana’s influence over one of the world’s leading diamond producers. It also comes as the country seeks to secure a greater role in the diamond industry and protect its long-term economic interests.

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Written by: Madeline

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