GABORONE, BOTSWANA — Botswana has taken center stage in the global mining arena following the discovery of a record-breaking 2,492-carat diamond — now confirmed as the second-largest gem-quality diamond ever found.
But this historic find is just the beginning. The Southern African nation is leveraging this moment to attract global investment across its broader mining sector, including copper, nickel, lithium, rare earth elements, and clean coal — minerals essential for the energy transition and green technologies.
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Botswana’s Mining Transformation
“Botswana is not just a diamond country anymore,” says Lailla Mutajogera, CEO of Muta Investment Firm. “We’re opening doors for smart investors interested in sustainable, long-term growth.”
New policies and incentives are accelerating mining investment:
- Corporate tax as low as 5% in designated economic zones
- 10-year tax holidays for qualifying projects
- Duty-free machinery imports
- 200% training rebates
- Guaranteed profit repatriation
These reforms are part of Botswana’s broader strategy to diversify its mineral economy, moving away from over-dependence on diamonds, which have historically contributed over 80% of exports and 20% of GDP.
Strategic Mineral Expansion
Botswana recently renegotiated its partnership with De Beers, increasing its diamond sales stake from 25% to 50% and extending their joint venture to 2054. Meanwhile, five new base-metal mines are operational, and the country is actively exploring lithium, uranium, and rare earth deposits.
With low political risk, a transparent regulatory framework, and strong anti-corruption measures, Botswana is emerging as a top-tier destination for critical minerals in Africa.
The Road to African Mining Week 2025
Botswana will unveil its National Mining Investment Strategy during the upcoming African Mining Week 2025 in Cape Town this October — a platform expected to attract hundreds of mining companies, investors, and government officials.
This new diamond may be dazzling the world, but the country’s real gem is its investment-readiness and forward-thinking approach to sustainable resource development.
