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For many African countries the discovery of diamonds has turned into a
curse, with ‘blood’ or ‘conflict diamonds’ fuelling exploitation,
subversion and division.
But in Botswana, it’s a different story.
The
diamond has transformed Botswana from one of the poorest countries in
the world, to one of the most prosperous and stable countries in
Africa. But it’s how Botswana manages its wealth that singles out this
tiny African nation from its other resource rich neighbours.
Ginny
Stein reports on an inspiring initiative in which Botswana’s vast
diamond reserves, worth about three billion US dollars a year, are
being used to share wealth throughout the nation.
Business and
Trade Consultant Ntetleng Masisi sees the key to Botswana’s
transformation as “a government that used diamonds to bring about
health facilities, education and a markedly improved quality of life,”
says Masisi.
But Botswana’s reliance on diamond revenue has
meant that the whole of the country’s welfare, and future, is now in
the hands of the diamond traders and at the whims of the international
market…
Find out more this Sunday, 8:30pm on SBS ONE.
On air: 16th August 2009
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