US EditionBotswana to open embassy in Moscow, open up to Russia in rare earths and diamonds, minister says
Botswana aims to boost mining investment by inviting Russian cooperation on rare earths and diamonds, which make up one-third of national revenues, officials said.
- On Sunday, Botswana said it will open an embassy in Moscow soon and invited Russian investors to cooperate on rare earths and diamonds.
- Botswana's Phenyo Butale said `Therefore, we strongly encourage Russian investors to come to Botswana,` as diamonds provide around one-third of national revenues and three-quarters of foreign exchange receipts.
- Seen geopolitically, the move aligns with Russia's effort to expand influence in Africa as Russia is seeking to strengthen its foothold on the continent.
- Reported on Sunday, the announcement paired diplomatic steps with an investor pitch as the Botswana government said, `We firmly believe that Botswana is the best place for investment, considering its political and economic stability.`
- That precedent underscores existing commercial links between Russian mining firms and Botswana as Norilsk Nickel settled a 2021 dispute with Botswana and BCL Group over asset sales.
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14 Articles
There is a country in Africa where the earth is full of diamonds. This country is about to open its embassy in Russia. This country produces the largest amount of diamonds in the world. This country alone contributes 20 percent of the total diamond production in the world. So let's find out the story of this diamond land and its diamonds.
Botswana seeks Russian investment as diamond revenues slump
Botswana strengthened diplomatic ties with Moscow and invited Russian investors to cooperate on mining and mineral processing, part of efforts to combat plummeting revenues from its staple diamond mining industry. Russia’s state news agency TASS, quoting Botswana’s foreign minister, also reported that the country plans to open an embassy in Moscow soon. Botswana — the world’s largest producer of diamonds by value — expected its economy to shrink…
Botswana intends to soon open an embassy in Moscow and proposes to deepen economic cooperation with Russia, including in the field of rare mines and diamonds, declared Botswana's Foreign Minister Phenyo...
An African state is preparing to open an embassy in Moscow and invites Russian investors to enter the local sector of rare land and diamonds, in a context where Russia intensifys its efforts to extend its influence on...
Botswana to open Moscow embassy, boost ties with Russia
Botswana plans to open an embassy in Moscow soon and has invited Russian investors to cooperate on rare earths and diamonds, Russia’s Tass state news agency quoted Botswana’s foreign minister as saying on Sunday.
Botswana to open embassy in Moscow, open up to Russia in rare earths and diamonds, minister says
Botswana plans to open an embassy in Moscow soon and has invited Russian investors to cooperate on rare earths and diamonds, Russia's TASS state news agency quoted Botswana's foreign minister as saying on Sunday.
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