The Government of Botswana, in partnership with De Beers Group, has appointed former African Development Bank President, Akinwumi Adesina, as the first chairperson of the newly established Diamonds for Development Fund.

The announcement confirms that Adesina will officially take up the role on 15 June 2026, leading an initiative designed to convert Botswana’s diamond wealth into broader economic development.

The fund is expected to support key areas such as infrastructure, job creation, economic diversification, and community development, with the aim of ensuring long-term benefits from the country’s natural resources.

Officials behind the initiative say the appointment reflects confidence in Adesina’s experience in development finance and his record of driving economic transformation across Africa.

Botswana’s Minister of Minerals and Energy, Bogolo Kenewendo, described the project as a new phase in the country’s effort to manage its diamond industry in a way that delivers wider national impact. She added that Adesina’s leadership credentials make him well suited for the role.

De Beers Group CEO Al Cook also noted that Adesina brings strong expertise in using natural resources to support economic growth, saying his appointment strengthens the vision behind the fund.

Adesina, in his response, said he was honoured to take on the role and believes the initiative could become a model for how mineral-rich countries translate resource wealth into inclusive development.

The Diamonds for Development Fund is currently completing plans to appoint independent board members as it moves toward full operation.