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.
The Pula Fund was established to cushion the country once its revenue from diamonds dries up. But critics say it’s more of an emergency slush fund, write Joel Konopo, Ntibinyane Ntibinyane, Keabetswe Newel and Olebile Letlole.