Danish billionaire Anders Holch Povlsen frustrated in his Okavango tourism plans
The Botswanan authorities are seeking in the public interest to oblige the potential buyer of two luxury lodges to cede 30% of the shares to local operators.
On 4 August, Botswana's diamond giant Debswana - a joint venture between the Botswana government and the UK's De Beers Group - quietly established a new subsidiary in Gaborone: Naledi Mining Services. Since the beginning of his term in 2018, President Mokgweetsi Masisi has been working to accelerate the sector's independence from international giants.
Best known as the owners of the mining services company Bothakga Burrow, which subcontracts for major Botswanan companies Debswana and Morupule Coal Mine, two businessmen are now investing in real estate in the capital's southwestern suburbs - a sector that is booming.
President Masisi wants to make De Beers share proceeds from polished stones from the Debswana mines that Botswana runs jointly with the firm. He hopes their new arrangement will be similar to miner Lucara's deal with diamond dealer HB Antwerp.
Botswana is still struggling to have all of the diamonds allocated for domestic processing polished internally. President Masisi visited Dubai on 11 March in the hope of winning over new investors who might be willing to bet on the Botswana capital's future as a diamond hub.
The De Beers-Botswana state JV, which represents a third of the country's GDP, is looking for a new boss and with the company in the process of renegotiating its diamond sales contract, the choice of CEO is tangled with political considerations.
Having suddenly found herself at the helm of Debswana in 2019 following the premature death of her predecessor, Lynette Armstrong has been running Botswana's leading diamond producer in an acting capacity. With the appointment of a permanent managing director pending, she has been activating her networks as well as renegotiating the contract to sell the company's diamonds with its two shareholders, the Botswanan state and De Beers.