De Beers

De Beers store (Photo by: Financial Times) The government has rejected reports suggesting that the Cabinet approved a plan for the country to acquire a stake in the De Beers Group. The rumoured transaction claimed Namibia would purchase a 10–15% share in the global diamond company, valued at roughly N$14.5 billion, together with Botswana and Angola. In a statement, the Ministry of Industrialisation, Mines and Energy clarified that the Cabinet […]