Bruce Cleaver, CEO, De Beers Group, joined world leaders, including US President Barack Obama, US Secretary of Commerce Penny Pritzker, US Secretary of State John Kerry, Michael R. Bloomberg, various African heads of state, and other private sector CEOs from the US and Africa, to examine the partnerships that have led to deepened business relationships and the exciting potential for growth in Africa. The meeting took place in the framework of the second US - Africa Business Forum, hosted by the US Department of Commerce and Bloomberg Philanthropies at the Plaza Hotel in New York.
Cleaver highlighted the success of the partnership between Botswana and De Beers, which has endured for almost 50 years and is one of the world’s longest public-private partnerships. He said: “Careful stewardship of Botswana’s diamond resource by the government and De Beers since independence in 1966 has transformed the country from one of the poorest nations in the world into a modern, upper middle-income country. This progress has been built largely on a diamond foundation, enabled by high standards of governance, political stability and the judicious investment of Botswana’s diamond wealth.”