A group of farmers whose land was taken by Debswana Trading Company to make way for a game reserve hoped to get Water Rights or an equivalence of what was taken away from them as compensation, only to be offered P180 000 of the P5.5 million set aside by Botswana Government as reparation.
• Farmers who had boreholes will not get any Water Rights compensation but P180k as compensation
• Minister Moagi says the compensation was adequate
Albert Milton’s appointment as MD of Debswana on the 1st of December 2018 was accompanied by a lot of fanfare, celebrations and festivities at Gaborone International Convention Centre (GICC) to welcome him to the top positon.
It seemed too good to be true. A diamond-rich, corruption-free, democratic, prosperous, and peaceful African country with a tradition of peaceful transfer of presidential power (the incumbent president voluntarily leaves office a year before the next general election). It was.
Too many mines, too little to show for them – that is Botswana’s problem. Diamonds, copper, nickel – all have been hard hit by falling world resource prices, and for the first time since independence, the country historically seen as one of Africa’s success stories is confronting real economic decline. By Joel Konopo for INK.
An exceptional diamond agreement revealed by Mossack Fonseca, a Panama-based offshore service provider, obtained by the International Consortium of Investigative Journalists, raises questions about the secrecy that shapes Botswana’s diamond industry.