Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News

So, is Botswana getting a raw deal from De Beers? The new sales agreement represents an improved financial arrangement, but it is a deal signed in the middle of a market earthquake. The percentages and quotas mean little when the entire global industry is in a state of crisis.

Critics who argue that Botswana is getting a raw deal point to the broader value chain of the diamond industry. So, is Botswana getting a raw deal from De Beers

For decades, the relationship between the Republic of Botswana and the diamond giant De Beers has been hailed as a quintessential model of cooperation between a developing nation and a multinational corporation. Often described as a "marriage," this partnership transformed Botswana from one of the poorest nations in the world at independence in 1966 into an upper-middle-income economy. Critics who argue that Botswana is getting a

While this agreement was celebrated as a victory for President Masisi and Botswana, it also highlighted the structural imbalances that prompted such a fierce negotiation in the first place. The Arguments: Is it a "Raw Deal"? The Case That Botswana is Exploited While this agreement was celebrated as a victory

In 2018, a report by the human rights group, Global Witness, accused De Beers of failing to provide adequate compensation to communities affected by its mining operations. The report also accused the company of using security forces to intimidate and harass local communities.