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Saturday, October 4, 2025

Botswana ‘on the verge of zero tariff deal with US on diamonds’

Duma Boko is the president of Botswana Duma Boko is the president of Botswana

Botswana’s diamond-reliant economy is under severe strain, with the country’s main diamond company seeing an almost 50% drop in sales last year, which it blamed on dwindling global demand.

In another blow to the industry in recent months, the US imposed a 37% tariff on all goods imported from Botswana.

In an exclusive interview with the BBC’s Waihiga Mwaura in New York, President Duma Boko has stated that Botswana is close to securing a 0% tariff deal with the US, which could provide Botswana with a potential economic lifeline.

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