Botswana’s Diamond Crisis: Economic Strain Amid Global Market Downturn
Botswana’s economy, long considered a beacon of African stability, faces an intensifying crisis this year as a sharp decline in global diamond demand cripples its primary revenue source. With production figures tumbling and international prices stagnating, the nation—which relies on diamonds for approximately 30% of its GDP and 75% of its foreign exchange earnings—is grappling…