John Campbell

Africa in Transition

Campbell tracks political and security developments across sub-Saharan Africa.

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Showing posts for "De Beers"

Is Rhodes’ Statue Removal Setting a Bad Precedent?

by Guest Blogger for John Campbell
The statue of Cecil John Rhodes is bound by straps as it awaits removal from the University of Cape Town, April 9, 2015. (Mike Hutchings/Courtesy Reuters)

This is a guest post by John Causey, a private equity practitioner with a focus on sub-Saharan Africa transactions.

On April 9, the University of Cape Town (UCT) removed the statue on its main campus of Cecil John Rhodes, one of the most important and contentious historical figures in Southern Africa’s history. This is not the first statue or name changing controversy in South Africa’s modern history. Read more »

De Beers Diamond Moves Sales Army from London to Botswana

by John Campbell
A worker at the Botswana Diamond Valuing Company displays a rough diamond during the sorting process at the purpose-built centre in the capital Gaborone, August 26, 2004. (Juda Ngwenya/Courtesy Reuters)

For the past century or so, big mining corporations have pursued their operations in Africa, but their senior management, marketing, and sales have been in Europe or North America. That is changing.

The government of Botswana and De Beers Group, the diamond company, agreed in 2011 that the latter would sort, value, and sell diamonds produced by the company Debswana, a joint 50/50 business venture between Botswana and De Beers that accounts for a third of Botswana’s GDP. For its part De Beers agreed to transfer its London based rough diamond sales to Botswana. The move involves the transfer of professionals, equipment and technology from London to Botswana’s capital, Gaborone. In November 2013, De Beers started diamond sales in Gaborone in a state-of-the-art facility. Batswana, nationals of Botswana, are about 50 percent of the de Beers’ employees in the sales division. Read more »