Understanding The Factors Behind Africa’s Loss Of Diamond Revenues
21 / 02 / 2023
Despite being rich in diamonds, mineral extraction does little to improve the lives of people living in African countries, except for Botswana.
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Conflict, exploitation, and abuse of workers are common in the diamond-rich regions of Africa.
2
Many people are stuck in a vicious cycle of exploitation with only a few getting direct benefits.
3
Illegal mining of diamonds is controlled by foreigners who dominate the clandestine market.
4
The diamond industry fails to uplift the local communities, and the developed world has turned a blind eye to the situation.
5
The Kimberley Process is ineffective in reducing the impact of mineral resource transfer from poor countries.
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