Namibia, Botswana and Angola Join Forces in Bid for Greater De Beers Ownership

November 10, 2026

Namibia, Botswana, and Angola are mounting a joint regional push to secure greater ownership of global diamond giant De Beers. Delivering his State of the Nation Address, Botswana President Duma Boko announced that Gaborone has selected the Global Diamond Consortium as its preferred bidder to acquire Anglo American’s 85% stake in the mining giant. Under the proposed restructuring, Botswana plans to double its current shareholding from 15 to 30%, making it the single largest shareholder in De Beers and giving the region unprecedented influence over the company’s strategic direction. While the transaction marks a historic regional shift, the exact details of Namibia and Angola’s financial commitments and final shareholding percentages are yet to be disclosed.

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Written by: Madeline

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