Botswana: Less Development Revenue As Diamonds Lose Their Shine

Johannesburg — Diamond-rich Botswana has so far managed to avoid Africa's "resource curse" - a term for conflicts sparked or maintained by commodities - but is unlikely to escape the global recession unscathed.

The country relies heavily on diamonds for its development, but in tough economic times, deriving most of your revenue from a single resource can sour reputations. In March credit agencies downgraded Botswana's rating.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.