Business & Finance

Botswana plans to raise De Beers stake to 30% in proposed sale

President Duma Boko told Parliament the consortium deal would make Botswana the largest shareholder, but the sale is not finalized.

Published Nov 10, 2026 · 00:02 UTC2 reports

The short version

Botswana's president said the country will double its De Beers stake to 30% under a proposed consortium buyout of Anglo American's shares.[Associated Press · ABC News]
Botswana endorsed the Global Diamond Consortium, led by former De Beers CEO Gareth Penny, as the proposed buyer.[Associated Press · ABC News]
The purchase has not been finalized, and Boko said Namibia and Angola would also be involved without giving details.[Associated Press · ABC News]

Botswana plans to double its De Beers stake to 30%, according to President Duma Boko's parliamentary speech.[Associated Press · ABC News]
Boko said the move would make Botswana the largest single shareholder in De Beers.[Associated Press · ABC News]
Botswana endorsed the Global Diamond Consortium, led by former De Beers CEO Gareth Penny, as the proposed buyer.[Associated Press · ABC News]
The consortium's purchase of Anglo American's shares has not been finalized.[Associated Press · ABC News]
Anglo American put its 85% stake in De Beers up for sale in 2024.[Associated Press · ABC News]
Boko said Namibia and Angola would also be involved in the deal, without giving details.[Associated Press · ABC News]

The reporting does not specify the terms, price, or timeline of the proposed transaction.[Associated Press · ABC News]
The roles of Namibia and Angola are asserted by Boko but remain unspecified in the reporting.[Associated Press · ABC News]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.