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Bloomberg Television

Diamond-rich Botswana sees power change hands 💙

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a shock political upset in Diamond rich batswana as the president conceded defeat the ruling batswana Democratic party has been in power since the end of colonialism in 1966 but as of recent an economic downturn triggered by the collapse of the diamond market led to voter discontent among other things that even as president maissi renegotiated a new contract with diamond giant debers which gets most of its revenue from the country now batswana is one of the world’s top two Diamond producers and the diamond Market generates a bulk of the government’s revenue and Export earnings but Global prices have eroded as has over Supply and that’s left bwana with a 28% unemployment rate and growth forecasts below 2% now the election surprise means the opposition party with the most seats in Parliament will decide who the next president of the Southern African nation will be

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