Anglo American is moving closer to an initial public offering (IPO) for its De Beers diamond business, with Botswana, a significant stakeholder, pushing for a larger share in the company. This development comes amid rising pressures for local ownership and greater economic benefits from Botswana’s diamond resources. The move could provide Botswana with more influence over De Beers’ operations, which are crucial to the country’s economy. As the IPO nears, the growing demand for a more significant role for Botswana reflects broader trends in resource-driven economic empowerment across Africa.
Source: Financial Times