Dr. Akinwumi Adesina appointed Chairman of Botswana's Diamonds for Development Fund. The fund aims to drive economic diversification and sustainable development in Botswana.

Dr. Akinwumi Adesina, former President of the African Development Bank, has been appointed Chairman of Botswana's Diamonds for Development Fund. The fund was established by the Government of Botswana and De Beers Group to ensure that Botswana's diamond wealth benefits its citizens. Adesina is expected to assume office on June 15, 2026.

Background and Experience

Dr. Adesina brings nearly four decades of experience in development finance, economic transformation, and agricultural reform to the role. During his tenure at the African Development Bank, he oversaw a significant expansion of the bank's capital base from $93 billion to $318 billion. He also championed the Africa Investment Forum, which has attracted more than $225 billion in investment interests to projects across the continent since its launch in 2018.

Reaction to Appointment

Botswana's Minister of Minerals and Energy, Bogolo Kenewendo, described the appointment as a major boost to the country's efforts to maximize the value of its diamond resources. Chief Executive Officer of De Beers Group, Al Cook, said Adesina possesses the experience, global network, and governance credentials required to guide the fund toward achieving its objectives. Adesina expressed appreciation for the confidence reposed in him and described the Diamonds for Development Fund as a visionary initiative.