Africa Live: De Beers diamond deal raises Botswana's share - BBC News

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Millions of market traders and informal business owners in Nigeria will be targeted for Value Added Tax (VAT) payments. Just over 10% of govt revenue comes from taxes, one of the world's lowest proportions, as most revenue comes from crude oil sales.

Image caption: Macky Sall announced he will not be running for a new term in 2024

Abass Fall, a member of parliament and co-ordinator of Pastef – the party of key opposition leader Ousmane Sonko – said it was no surprise: Aminata Touré, a former prime minister who is now in opposition said Mr Sall’s decision to respect the constitution was because of the “mobilisation of Senegalese democrats” locally and in the diaspora:

She said 16 people had been killed in protes"s"and the commission of inquiry will have to tell us who the masterminds were and who the others were”.

 

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Botswana, De Beers Agree to Extend Diamond Deal Sales AgreementAfter signing a 10-year extension to their diamond sales deal, Botswana and the international diamond consortium De Beers, based in London, have put an end to uncertainty surrounding their long-standing partnership. In a joint statement issued late on June 30, Botswana and De Beers said the mining license will remain in effect for another 25 years while their sales agreement had been extended until 2034. Neither a price nor more information on the distribution of natural stones were provided, but according to the government and De Beers, the new agreement "reflects the aspirations of the people of Botswana". This comes after President Mokgweetsi Masisi challenged a 54-year alliance with the largest diamond producer in the world, De Beers, stating his nation would not relent in its quest for a better agreement. The previous agreement, which just expired, provided that De Beers would get the remaining 75% of the rough diamonds produced in Botswana as part of their partnership. In the renewed agreement, Botswana negotiated for a larger share of the revenues.
Source: allafrica - 🏆 1. / 99 Read more »

Botswana, De Beers Agree to Extend Diamond Deal Sales AgreementBotswana and the London-based international diamond consortium De Beers have ended uncertainty over their long-standing partnership after announcing a 10-year extension to their diamond sales agreement.
Source: allafrica - 🏆 1. / 99 Read more »

COMPANIES: Botswana and De Beers ink a last-minute, 10-year new deal on diamond salesBotswana and diamond miner De Beers announced on Saturday they had reached an ‘agreement in principle’ on a new 10-year sales agreement. This came hours after the previous sales agreement expired on Friday, 30 June, so there must have been some serious nail-biting in the boardroom.
Source: dailymaverick - 🏆 3. / 84 Read more »

Botswana inks new deal with De BeersIt’s unclear how the lapsing of the Botswana agreement without a new one in place will affect diamond mining operations.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

De Beers-Botswana deal signals rocky road for rough diamondsAn eleventh-hour deal between Botswana and De Beers over the weekend demonstrates the pressure the 135-year-old gems producer is under as it resets ties with its leading supplier amid pressure from falling prices and growing competition.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

De Beers seals Botswana diamond sales deal'Botswana is built on diamonds, it’s built on this relationship, and I think we’re very excited to be seeing that continue to grow into the future collectively,' Paul Rowley – Executive VP of Diamond Trading at DeBeers. Moneyweb BotswanaDeal
Source: Moneyweb - 🏆 5. / 77 Read more »