Botswana became one of the richest countries in Africa because it's the world's biggest producer of diamonds by value -- but with lab-grown gems soaring in popularity, the sparsely-populated desert nation is facing a social and economic existential crisis

President Boko has pledged to diversify the economy away from its over-reliance on a single resource, but the changes may have come too late.

On this week’s episode, Bloomberg’s Matthew Hill and Botswana-based reporter Mbongeni Mguni join Jennifer Zabasajja to discuss their latest reporting from the region, and what the impact of the diamond slump looks like on the ground in Botswana.

For more stories from the region, subscribe to the Next Africa newsletter here

Botswana became one of the richest countries in Africa because it's the world's biggest producer of diamonds by value -- but with lab-grown gems soaring in popularity, the sparsely-populated desert nation is facing a social and economic existential crisis
President Boko has pledged to diversify the economy away from its over-reliance on a single resource, but the changes may have come too late.
On this week&rsquo;s episode, Bloomberg&rsquo;s Matthew Hill and Botswana-based reporter Mbongeni Mguni join Jennifer Zabasajja to discuss their latest reporting from the region, and what the impact of the diamond slump looks like on the ground in Botswana.
For more stories from the region, subscribe to the Next Africa newsletter<a href="https://www.bloomberg.com/account/newsletters/next-africa?sref=OOcVchU0"> here</a>

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent. 

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent.

Inside the stories shaping the world’s fastest-growing continent.

Next Africa

Each week, Jennifer Zabasajja provides a deep dive into the stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent. 

Each week, Jennifer Zabasajja provides a deep dive into the stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent.

Can Botswana Survive the Lab-Grown Diamond Boom?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/548b0b3e-295b-460e-a69e-b34e015f74ee/transcript

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