Sunday 20 August 2017

Botswana diamond giant assists communities to diversify

Botswana diamond giant assists communities to diversify
(APA 08/08/17)
Botswana diamond giant assists communities to diversify

De Beers Group of Companies has put measures in place to ensure that mining towns in Botswana do not turn into ghost towns following depletion of diamonds, APA learnt here Tuesday.

The diamond mining towns are Letlhakane, Orapa mines in central part of the country and Jwaneng mine is southern Botswana.

Debswana managing director Balisi Bonyongo told journalists here on Tuesday that through an Enterprise Development Programme, dubbed Tokafala, small mining companies will be supported through business mentoring, advisory support and capacity building to access funding and markets.

Debswana is a 50/50 joint venture between De Beers and the Botswana government.

He said this will diversify the economies of mining towns as diamonds will not last forever.

Resident director of DeBeers Global Sightholder Sales, Neo Moroka said more than US$4 million has so far been pumped into the programme since inception in 2014.

Moroka said the group made a deliberate effort to promote the growth of citizen companies by catalyzing the growth of small, medium and micro enterprises.

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