{"id":63662,"date":"2025-02-15T17:36:34","date_gmt":"2025-02-15T17:36:34","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details"},"modified":"2025-03-12T17:42:18","modified_gmt":"2025-03-12T17:42:18","slug":"govt-to-conceal-de-beers-contract-details","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details","title":{"rendered":"Govt to Conceal De Beers Contract Details"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Certain aspects of the recently finalized sales agreement between the Botswana government and De Beers will remain undisclosed. Minister of Minerals and Energy Bogolo Kenewendo confirmed the decision, explaining that withholding some details is a strategic move to control the country\u2019s diamond pricing.<\/b><br \/>\n<b>Limited disclosure<\/b><\/p>\n<p>Last Monday, the government announced the successful conclusion of negotiations over a contract extension with De Beers. While the statement did not include full details, Kenewendo revealed that more information would be shared at the signing stage.<\/p>\n<p>Market pricing strategy<\/p>\n<p>Speaking to the BBC last Friday, Kenewendo stated, \u201cSome details will be available to the public right after signing.\u201d However, she emphasized that certain aspects of the deal would remain confidential to protect Botswana\u2019s market position. \u201cSome of the details impact our pricing. When you sell something, you don\u2019t necessarily want everybody to know how you are pricing your goods,\u201d she said.<\/p>\n<p>Strengthening Botswana\u2019s diamond industry<\/p>\n<p>Vice President and Minister of Finance Ndaba Gaolathe praised the agreement as an \u201cenhanced\u201d deal while delivering the Budget Speech on Monday. He highlighted that finalizing negotiations within 100 days of the new administration would boost market confidence. \u201cThis agreement ensures greater value retention for Botswana and strengthens our position as a global leader in the diamond industry,\u201d Gaolathe stated.<\/p>\n<p>Political backlash<\/p>\n<p>The Botswana Democratic Party (BDP) has criticized the agreement, calling for full disclosure. The party accused the new government of potentially waiving unpaid taxes from De Beers, arguing that this could deprive Batswana of much-needed funds for healthcare, education, infrastructure, and job creation.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Certain aspects of the recently finalized sales agreement between the Botswana government and De Beers will remain undisclosed. Minister of Minerals and Energy Bogolo Kenewendo confirmed the decision, explaining that withholding some details is a strategic move to control the country\u2019s diamond pricing. Limited disclosure Last Monday, the government announced the successful [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":63661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,244],"tags":[234],"class_list":["post-63662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Govt to Conceal De Beers Contract Details - Botswana<\/title>\n<meta name=\"description\" content=\"Certain aspects of the recently finalized sales agreement between the Botswana government and De Beers will remain un ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to Conceal De Beers Contract Details\" \/>\n<meta property=\"og:description\" content=\"Certain aspects of the recently finalized sales agreement between the Botswana government and De Beers will remain un ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-15T17:36:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-12T17:42:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/02\/sm_1739629138.654604.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Govt to Conceal De Beers Contract Details\",\"datePublished\":\"2025-02-15T17:36:34+00:00\",\"dateModified\":\"2025-03-12T17:42:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details\"},\"wordCount\":278,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/02\/sm_1739629138.654604.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-to-conceal-de-beers-contract-details\",\"name\":\"Govt to Conceal De Beers Contract Details - 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