Botswana And Angola Are In Talks To Acquire De Beers, The World’s Biggest Diamond Mining Company

Africa’s top two diamond producers, Botswana and Angola have come together to acquire De Beers, the biggest diamond mining company in the world. 

The two countries aim to gain greater control over diamond mining in Southern Africa and all of Africa.

Botswana and Angola view this partnership as strategic for maximizing their mines and take control over their resources.

De Beers currently controls or owns nearly 90 percent of diamond mines in Africa.

De Beers has generated hundreds of billions of dollars from its diamond mining, particularly in countries like Botswana and South Africa. 

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