Recently there has been a lot of news about blood diamonds and how they hurting parts of Africa. Well there is good news about diamonds in Africa. The country of Botswana has the best economy in Africa and has democratic government thanks mostly to diamonds.
In 1969, the government of Botswana signed a 50-50 deal with De Beers, the global diamond giant, to explore and mine all of the country’s diamonds. As a result, the nation’s economy has quadrupled in the last four decades and it boasts the highest standard of living on the continent.
The joint venture, Debswana, boasts annual profits in the billions of dollars and has made diamonds Botswana’s single largest source of foreign exchange, accounting for more than 75 percent of the country’s GDP.