The Dimbungus keep growing their mining interests
Husband and wife Len Dimbungu and Mpho Dimbungu, diamond industry veterans and highly successful entrepreneurs in Gaborone, have just founded a new mining company.
Weighing in at a jaw-dropping 1,098 carats, the gemstone discovered by Debswana, a partnership between De Beers and Gaborone, made headlines the world over. But behind all the distracting sparkle, the business of diamonds is losing its shine.
The Department of Mineral Resources and Energy is used to making the headlines in the South African press over its management of the country's electricity supply network. It also plays a crucial role, however, in the functioning of South Africa's tentacular mining sector.
De Beers is killing two birds with one stone by gifting diamonds to Botswanan healthcare workers: the giveaway boosts the company's image in Botswana, its biggest sources of gems, and should help put it in President Masisi's good books, as negotiations on renewing its diamond sales contract have been ensuing for over a year.