De Beers Allocates $73M to Diamonds for Development Fund

De Beers transfers $75 million to Botswana as diamond economy searches for life beyond mining

De Beers has transferred BWP1 billion, approximately $75 million, to Botswana’s Diamonds for Development Fund as the country seeks to build new industries beyond the diamond sector that has financed its development for decades.

Botswana: Govt and De Beers Advance P1bn Into Diamond Fund

Gaborone -- Government and De Beers Group have advanced an initial P1 billion to the Diamonds for Development Fund, marking the fund's transition into the implementation phase.

De Beers Allocates $73M to Diamonds for Development Fund

De Beers has transferred its initial funding to the Diamonds for Development Fund to support Botswana’s long-term economic goals. The BWP 1 billion ($73.2 million) contribution marks a significant step forward for the organization, the miner said Wednesday. It released the sum following the establishment of the fund’s governance structures, including the appointment of Akinwumi Adesina as chairperson and the launch of its 10-member independent b…

De Beers makes first contribution to Botswana’s Diamonds for Development Fund – YourBotswana

21 October 2026 Diamond miner De Beers Group has transferred its initial contribution of P1-billion to the Diamonds for Development…

De Beers Transfers 1bn Pula to Botswana Diamonds Fund

Botswana's government and the De Beers Group announced today, 21 October 2026, that the group has transferred its initial contribution of one billion Botswana pula to the Diamonds for Development Fund, which aims to support Botswana's long-term economic diversification.

Diamonds for Development Fund receives £56m from De Beers

De Beers Group has provided an initial BWP1bn to the Diamonds for Development Fund to support economic diversification and job creation in Botswana.