Next Africa

Doubling Down on Diamonds Is a Risky Bet for Botswana

It’s still unclear where Botswana will get the money to buy De Beers.
A De Beers diamond.Photographer: Fabrice Coffrini/AFP/Getty Images

Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at the sale of gems giant De Beers, and:

Botswana’s president is unnerving potential bidders for diamond-mining giant De Beers.