Thursday, March 28, 2024
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Botswana announces discovery of another huge diamond

Botswana has announced another discovery of a huge rough diamond, toppling an earlier huge discovery of the stone. The discovery on June 12 was carried...

Why Africa Is Poor Despite Having The Most Diamonds

Over the past years, poverty reduction has been accelerating in the poorest countries of the world, but not so fast enough in the so-called...

Mugabe to be questioned from home on missing cash

The parliamentary committee in Zimbabwe probing missing $15 billion diamond revenue has announced that its members have "resolved to meet former president Robert Mugabe at his private home instead of dragging him to parliament" for questioning.

Mugabe summoned over missing diamond Revenue

The former president of Zimbabwe, Robert Mugabe has been summoned by the country’s parliament to testify in an ongoing investigation into missing revenue from diamond mining.

Mugabe claims $15billion missing diamond revenue story was “all lies”

The former President of Zimbabwe, Robert Mugabe has revealed that his claim in 2016 that $15 billion diamond revenue had gone missing was “all lies”, according to media reports.

Zimbabwe’s Mugabe to testify over missing diamond revenue

The former president of Zimbabwe, Robert Mugabe is to be summoned by the country's parliament to testify in an ongoing investigation into missing revenue from diamond mining.

Tanzanian minister resigns over ‘bad’ mining deal

A Tanzanian minister, George Simbachawene on Thursday resigned following the outcome of an investigation into a diamond mining contracted awarded to Petra Diamonds Ltd.

Magufuli orders resignation of public officials over mining deal

The President of Tanzania John Magufuli has ordered the resignation of senior public officials in his country following a probe into a mining contract awarded to Petra Diamonds Ltd.

IMF revises Botswana’s 2017 growth forecast

The International Monetary Fund (IMF) has revised Botswana's 2017 and 2018 economic growth forecast due to rising diamond demand, investment in the water and power sector and reforms to attract investment.

Diamond group De Beers buys out retail partner LVMH

Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.

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