Botswana

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BotswanaDiamonds

Debswana expects new strategy to create at least $900m in extra revenue

Debswana Diamond Company, a joint venture between the Botswana government and Anglo American’s De Beers, said on Friday that its new business strategy adopted last year should enable it to create at least ten-billion pula ($924-million) in additional revenue over the next four years. The five-year strategy, adopted at the beginning of 2020, includes restructuring of mines and is aimed at improving efficiencies throughout the group's operations. It is being accelerated after Debswana was hit hard by the coronavirus pandemic. Earnings almost halved last year as sales and production were...