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Vol 43 No 25

Published 20th December 2002


Namibia

Diamond poker

The concentration of decision-making in the presidency was shown by the spectacular offer made by Maurice Tempelsman, a United States' diamond dealer, to President Sam Nujoma. To bridge Namibia's budgetary shortfall, he offered an interest-free loan of US$80 million, against future sales of the country's high-quality diamond gemstones.

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