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.
Conflict, exploitation, and abuse of workers are common in the diamond-rich regions of Africa.
Many people are stuck in a vicious cycle of exploitation with only a few getting direct benefits.
Illegal mining of diamonds is controlled by foreigners who dominate the clandestine market.
The diamond industry fails to uplift the local communities, and the developed world has turned a blind eye to the situation.
The Kimberley Process is ineffective in reducing the impact of mineral resource transfer from poor countries.