Word: botswana
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Every few months, President F.W. de Klerk gathers his Cabinet colleagues together and heads for the bushveld. In a camp in the Transvaal province near the Botswana border, they thrash out political strategy, yet find time to sit around a fire and eat wild game. The idea is to work, but also to relax under the wide African...
...sift through B.C.C.I. subsidiaries around the world, they are trying to cope with potentially massive losses of depositors' money. The Pakistani press spoke of "panic withdrawals," and one paper added that "smugglers and drug barons" were desperately trying to rescue their offshore accounts. In such countries as Nigeria and Botswana, officials were worried that central-bank deposits at B.C.C.I. might be lost...
...opposition Labour Party attacked regulators for hastily closing 25 branches of B.C.C.I. across the country. Panama pleaded with the Bank of England to return $18 million of government funds that ousted dictator Manuel Noriega had squirreled away in B.C.C.I. accounts in Britain. In the African republic of Botswana, officials kept the local B.C.C.I. branch open and guaranteed all loans and deposits to prevent...
...agreement boosted De Beers' efforts to strengthen its domination of the worldwide market for uncut diamonds. De Beers already controls 80% of the global trade, and the deal could pressure any restive members to remain within the cartel. The pact with the Soviet Union, which competes with Botswana for the title of No. 1 diamond producer, will raise De Beers' market share to at least...
...Washington to discuss arrangements. That led to the formation of an organizing committee headed by Randall Robinson, executive director of the antiapartheid group TransAfrica; Lindiwe Mabuza, chief representative of the A.N.C. in the U.S.; and the singer Harry Belafonte. Long before Mandela left Johannesburg on June 4 for Botswana, the first stop on his tour, they were deluged with requests for appearances and meetings. So many of the entreaties were honored that two weeks ago A.N.C. leaders in the Zambian capital of Lusaka requested that the tour be pared down...