• Botswana plans to open an embassy in Moscow to deepen diplomatic and economic relations.
• The government targets cooperation with Russia in mining, diamonds, and rare earths.
• Authorities seek to diversify the economy amid pressure on diamond revenues.

Botswana plans to open an embassy in Moscow in the near term. Foreign Affairs Minister Phenyo Butale said this on Sunday, January 4, in remarks to Russia’s state news agency TASS.

“This is a process that naturally involves mobilizing resources and adequate preparation. Discussions have already taken place on this matter, and we hope to open this embassy as soon as possible,” Butale said.

Through this initiative, the southern African country aims to deepen diplomatic and economic relations with Russia, particularly in the mining sector. As Africa’s leading diamond producer, Botswana seeks to benefit from Russia’s industrial capabilities in the gemstone industry.

“We hope to leverage Russia’s know-how and expertise in large-scale mining projects, as well as in processing industries, in order to create greater value added,” Butale said.

Beyond diamonds, the minister also invited Russian investors and companies operating in rare earths. “Yes, Botswana is ready to welcome Russian expertise, as well as investors and companies specializing in rare earths, and this was precisely the point discussed during talks with Russian Foreign Minister Sergey Lavrov,” he told TASS.

This outreach comes as Botswana pursues an economic diversification strategy to reduce its reliance on diamonds, which contribute 25% of GDP and one-third of tax revenues. In a context of falling diamond prices driven by weak global demand and the growing presence of synthetic stones, authorities continue to search for new growth drivers.

In October, the government announced a five-year investment plan worth 388 billion pulas, or about $28.5 billion. The document, known as the 12th National Development Plan (NDP 12), promotes investments in transport infrastructure, water supply, and housing, among other priority sectors.

This article was initially published in French by Espoir Olodo

Adapted in English by Ange Jason Quenum