The Government of Botswana has announced a new policy mandating that at least 24% of ownership in all future mining projects be held by local citizens or companies, in a move aimed at deepening domestic participation in the nation’s lucrative mineral sector.
The announcement was made this week by the Minister of Minerals and Energy, who said the new rule is part of government efforts to ensure greater economic inclusion, value retention, and sustainable development from Botswana’s natural resources.
Under the new framework, all new mining licenses — including those for diamonds, copper, coal, and emerging critical minerals such as lithium and rare earths — will require that a minimum of 24% equity be held by Botswana nationals or locally owned entities before final approval.
“This policy ensures that Batswana have a tangible stake in the wealth generated from our natural resources,” the minister stated. “It is a key step toward transforming Botswana from a resource-dependent economy to one that is inclusive, diversified, and citizen-driven.”
Botswana, one of Africa’s most stable democracies and a leading diamond producer, has long partnered with global mining giants such as De Beers through its joint venture Debswana. However, officials say the new rule is designed to expand opportunities for local investors, communities, and entrepreneurs, particularly in upcoming exploration and mid-tier mining ventures.
Analysts view the move as part of a broader strategy to align the mining sector with Botswana’s Vision 2036 — a national plan to achieve high-income status through inclusive growth and sustainable resource management.
The policy also signals Botswana’s intent to retain more value locally, encouraging mining firms to invest in beneficiation, processing, and downstream industries within the country.
Industry stakeholders have welcomed the government’s clarity on the new rule, though some international investors are expected to seek further details on implementation timelines, equity valuation, and compliance mechanisms.
With this development, Botswana joins a growing list of African countries — including Tanzania, Namibia, and Zimbabwe — pursuing local ownership and resource nationalism policies to strengthen domestic control over mineral wealth.
