Duma Boko on Botswana Economy, Wealth Fund, Diamonds and De Beers

Botswana President Duma Boko says the country is working on a fiscal consolidation plan to help generate efficiency in the economy. He says the country recently launched a new sovereign wealth fund to invest in sectors beyond diamonds. The southern African nation is pushing to secure a majority stake in diamond producer De Beers as Anglo American looks to divest its 85% stake in the firm. Boko tells Bloomberg's Jennifer Zabasajja that potential collaborators including the likes of Qatar and the Oman Sovereign Wealth Fund have been lined up. 00:00 Boko on Botswana economy, fiscal consolidation plans 02:00 Strategy for state-owned enterprises like Air Botswana 04:40 Sovereign wealth fund; Lobito refinery in Angola; Namibia oil block 06:35 Anglo American divestment: "firm intention" to raise De Beers stake 08:05 Challenge from fake diamonds; diamond prices due an upswing 10:06 Partners including Oman's sovereign wealth fund, Qatar, Angola 11:51 Botswana ratings downgrade; deadline for economic transformation 14:09 Do you worry about tariffs and geopolitics impacting economic plans? -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts