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A diamond mine in Botswana. The country is making the big jump into a ‘digital diamond’ economy. www.theexchange.africa

Botswana’s big leap into new ‘digital diamond’ economy

Industry and Trade

Even though the country knows that diamonds are a finite resource, it still holds the world’s richest mine and is the biggest producer of gem diamonds. The country has become something of a role model for good development, powered by diamond mining.
20 percent of Botswana’s gross domestic product comes from this one commodity.
It propelled the country from the second poorest country in the world in 1966, at US$70 per person per year, to a middle-income country in 2021. Botswana estimates the diamond economy will start dropping in 2030. …