Traoré Influence Spreads! Botswana BANS Diamond Exports To West
Автор: BokoBrief
Загружено: 2025-07-24
Просмотров: 3745
Описание:
While everyone was watching military coups in West Africa, Botswana executed the most successful coup of all, an economic coup that gives them control over global diamond flows without firing a single shot.
How did a small landlocked country win against the world's biggest diamond giants?
The discovery of diamonds in 1967, shortly after Botswana’s independence from Britain in 1966, transformed the nation. At the time, Botswana was among the world’s poorest countries, with limited infrastructure and an economy centered on subsistence agriculture.
The identification of massive diamond deposits, particularly at the Orapa mine and later the Jwaneng mine, the world’s most valuable diamond mine, changed this direction. These discoveries positioned Botswana as a global leader in diamond production, with an annual output valued in billions of dollars.
Now, Botswana is the world's leading producer of diamonds by value. It controls 70% of the world's diamond supply by value which is over $4 billion annually. This small landlocked nation in southern Africa has built its entire economy around these precious stones, with diamond revenues forming the backbone of government finances and economic development.
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