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Botswana to Open Moscow Embassy, Attract Russian Investors

1/4/2026

Summary

Story summary

Botswana plans to open an embassy in Moscow and invite Russian investors for collaboration on rare earths and diamonds.
Foreign Minister Phenyo Butale says stability makes Botswana an attractive investment destination.
Diamonds account for about one-third of national revenues and three-quarters of foreign exchange.
The move aligns with Russia's Africa strategy amid Western tensions.
In 2021, Russia's Norilsk Nickel resolved a dispute with Botswana's BCL Group over asset sales.

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Story summary

Botswana plans to open an embassy in Moscow and invite Russian investors for collaboration on rare earths and diamonds.
Foreign Minister Phenyo Butale says stability makes Botswana an attractive investment destination.
Diamonds account for about one-third of national revenues and three-quarters of foreign exchange.
The move aligns with Russia's Africa strategy amid Western tensions.
In 2021, Russia's Norilsk Nickel resolved a dispute with Botswana's BCL Group over asset sales.