DTC relocation to Botswana “ahead of schedule”
Botswana’s President Ian Khama has claimed that the relocation of Diamond Trading Company International (DTCI) from London to Gaborone is slightly ahead of schedule.In his state of the nation address delivered on Monday, Khama said: â€œThe sight sale in Botswana is now scheduled for next week. Government continues to encourage the private sector to take advantage of the opportunities presented by the relocation exerciseâ€�.
Khama also claimed that the diamond cutting and polishing sector has continued to grow, employing 3651 people as of August 2013 with eleven additional companies given licenses to operate.
â€œIt brings the total number to 27. DTC Botswana sales to the local polishing industry grew to $618 million in 2012. The target for 2013 is $770 millionâ€� the Botswana leader revealed.
Landlocked Botswana in Southern Africa is home to one of the worldâ€™s best diamond reserves and a mining industry which accounts for 40 percent of government revenue.