Organization

Debswana

Diamond mining company owned half by the Government of Botswana and half by De Beers.

6 links, 1 backed by primary records

Over time

Who holds Debswana

How each side tells it

According to De Beers

According to Debswana

Connections 6

Government of Botswana 1969 with De Beers According to De Beers Self-published 3
De Beers calls it 50-50 from the start; a minister said in 2023 the government began with 15 percent.

Government of Botswana 1969–1975 15% Scholarship & press 1
De Beers 1975 50% Scholarship & press 1 2
The Government of Botswana began with 15 percent of the equity in 1969.
Government of Botswana 1975 – 50% Scholarship & press 1

Timeline 5 dates

Proof 4 sources

Vice President urges Batswana to jealously guard diamonds (Botswana Press Agency report of the Minister of Minerals and Energy), Botswana Daily News (BOPA), 25 Jun 2023. Scholarship & press
Mr Moagi noted that in a re-negotiated agreement of 1975 Botswana and DeBeers each got 50 per cent shareholding.
Botswana he said initially received 15 per cent of equity from DeBeers, 10 per cent royalty and income tax on profits of the mine.
Our History, Debswana Diamond Company. Self-published
Debswana is a company in which the Botswana Government and the De Beers Consolidated Mines Ltd each hold a 50% share.
Debswana is the largest private sector employer in Botswana
Our History & Heritage Since 1888, De Beers Group. Self-published
De Beers joins the Government of the Republic of Botswana to establish Debswana, a 50-50 partnership, to develop the Orapa mine.
IMF Executive Board Concludes 2024 Article IV Consultation with Botswana, International Monetary Fund, 10 Sep 2024. Primary record
Growth is expected to slow further to 1 percent in 2024 primarily because of a diamond market contraction.

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