The diamond industry has had a significant impact on Botswana's economy. The industry has created thousands of jobs, both directly and indirectly, and has generated significant revenue for the government. However, critics argue that the industry has also had a negative impact on the country's economy.
In 2019, the government of Botswana announced plans to increase its share of the revenue from diamond mining. The government proposed a new royalty rate of 15% on the value of diamonds extracted from the mines, and also announced plans to acquire a 24% stake in the Debswana Mining Company, which is the joint venture between De Beers and the government of Botswana. The diamond industry has had a significant impact
The mining agreement between De Beers and the government of Botswana has been the subject of much debate. The agreement, which was signed in 1971, gives De Beers the rights to extract diamonds from the Orapa mine for a period of 25 years. The agreement was later extended to cover the Jwaneng mine, and in 2004, the government of Botswana and De Beers signed a new agreement that extended the life of the Orapa mine until 2035. In 2019, the government of Botswana announced plans