The Israeli Diamond Industry Portal
Diamond News Center
Diamond News
Israel
World
Mining
Retail
Press Releases
IDI takes China by storm
2008 - Turning to India
Liberian Memorandum of Understanding
Rough Conference
Financial News
Today's Headlines
Newsletter
Features
Become a Member
Sign up and enjoy the benefits
Get Our Newsletter
IDEX Online Prices
Kimberley Process
IDEX Online Index
Currency Rates | Conversion Calculator
Update Date : 27.08.10
Currency Rate %
US Dollar 3.829 0.367
Euro 4.872 0.462
GBP 5.936 0.125
100 JPY 4.524 0.319
CNY 0.562 0.166
HKD 0.491 0.188
World Clock
Hong Kong  02:33
New York  14:33
Mumbai  00:03
Jerusalem  21:33
Brussels  20:33
Moscow  22:33
Diamond Needs | Supply | Israeli Diamond Blog | Diamond Companies | About Israel
diamond trade diamonds diamond companies diamond manufacture diamond center buying diamonds
Diamond News Center > Diamond News > World

Diamond News

De Beers' link to Botswana's ruling party questioned again

11.03.10, 10:46 / World

Botswana's media and opposition parties have been urging a Judiciary Commission of inquiry to probe the ongoing relationship between diamond giant De Beers and the Botswana Democratic Party, Mmegi Online said.

In an online editorial, the website repeats reports suggesting that De Beers has been sponsoring the BDP during elections, adding that De Beers' profits "are expected to enhance social, economic and political development as well as to enhance the spiritual growth of individuals, communities and that of the entire nation at large. For only a few organizations and individuals to benefit is uncalled for and should not be entertained and tolerated under any circumstances."

The editorial further suggests that a past fundraising concert sponsored by De Beers, was, if fact, meant to bail out former President Sir Ketumile Masire during his term of office. The allegations, compounded by other alleged irregularities, added the website, now have Botswana's Congress Party saying it intend to take legal action against Masire.

Nevertheless, the editorial added, "the nation needs a broad commission to establish the role the De Beers has been playing in local politics. There is suspicion that De Beers played a role in the infamous Palapye incident, which gave birth to the formation of BCP… These allegations can only be addressed through a broad enquiry. Trade unions, NGO's should agitate for this commission in order to protect the existence of democracy in our country. The enquiry will either implicate or absolve the company."

The Botswana National Front has been calling for regulated political funding in order to avoid abuse of power by the ruling party, but Botswana Democratic Party has largely dismisses the idea.

Lack of regulated political funding, the editorial argues, will further encourage multi-million companies to sponsor certain individuals to form parties, which are ideological identical to BDP.

Such a situation may also encourage proliferation of political parties, which might source funds from countries known to have no respect for human rights, a situation which will not benefit Batswana, which may find itself under the thumb of a foreign master.

More on this subject:
Debswana looks beyond current life span (07/03/10)
Debswana names Gareth Penny new chairman of the board (21/02/10)
Body of ex-Debswana head Nchindo found NW Botswana (14/02/10)
| | | | | | התראות RSS

 
Sign Up For Our Newsletter

more news   |  more world news
News Rss Feeds
FINANCIAL NEWS
Fischer: Peace Will Boost Economy 5-6%
02.09.10
TODAY'S HEADLINES
Germany's Central Bank Votes to Oust Sarrazin for "Jew" Comments
02.09.10
NOTICES
WFDB Mourns Former Israel Diamond Exchange President Yitzchak Forem
02.09.10
WORLD
Diamond Ring Worth $320,000 Stolen from Beijing Tiffany Store
02.09.10
WORLD
Sarin Launches Enhanced Diamond Processer
02.09.10
Financial News
Fischer: Peace Will Boost Economy 5-6%
02.09.10, 13:02
Common Searches
diamond price
buying diamonds
Israel diamond exchange
Diamond Needs
Round,1.00 - 4.00
(25.10.09)
Round,5.00+
(25.10.09)
This week's most popular news
Zimbabwe Gets $30M dividends from Diamond Companies
TASE Closes in the Red, Leviathan Partners Up
Mass Oil Cache Beneath Gas in Leviathan Project
IDI – מכון היהלומים הישראלי ewave