Africa-Press – Botswana. In an interview he welcomed the sales and mining agreements thrashed out two weeks ago.
“We’re very happy with the outcome. It could have been better but you know with a partnership you’ve always got to give as you take,” he said.
The agreement will bring more skills, values, jobs and therefore more revenue to Botswana, he said.
The newly-negotiated deal will, over a 10-year period, increase Botswana’s share of diamonds to sell from 25 per cent to 50 per cent.
In addition De Beers will invest as much as $750m in the next decade to grow Botswana’s diamond industry.
President Masisi had threatened to walk away from his country’s 54-year-old agreement with De Beers unless it agreed a fairer share of the diamonds.
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