Angola wants more investors for diamond cutting!

Apr 29, 2023

The Ministry of Mineral Resources, Oil and Gas (MIREMPET)-Angola, wants more investors for the cutting of diamonds, with the aim of contributing to the creation of more jobs and raising revenue for the State coffers.

The information was provided to the press by the Minister of MIREMPET, Diamantino de Azevedo, at the end of the meeting held with businessmen linked to the cutting sector, installed in the Diamond Development Pole of Saurimo, province of Lunda Sul, maintaining that the Executive has created strategies credible, embodied in the improvement of the business environment, creation of infrastructures and the legal aspects.

He also underlined that the creation of the diamond exchange is underway, which aims to create more spaces for the sale of the precious stone. He appealed for the patience and calm of potential national and international investors, who intend to invest in the area, as it is a process that requires a lot of work, in order to reach the established objectives.

With regard to the meeting held with businessmen from the sector, Diamantino de Azevedo, without giving details, said that all the contributions and difficulties presented will be taken into consideration at a higher level and it will be possible to solve them.

The Minister, accompanied by the Governor, Daniel Neto, and the Secretary of State, Jânio da Rosa, guided the closing ceremony of the first training cycle, at the Endiama Technical-Professional Training Center (CEFOPE), where 63 finalists were awarded, over a period of nine months in the specialties of mining, topography, mining prospecting and electro mechanics.

Inaugurated in 2021, by the President of the Republic, João Lourenço, the hub includes administrative areas, bank branches, tax facilities (AGT), restaurant, convenience store, a conference center for 300 people and a medical center.

It includes factories, notably Kapu Gems, with the capacity to cut five thousand carats/month, Stardiam (508 carats/month) and KGK (12 thousand carats/month). With an area of ​​over 300,000 square metres, the hub, an initial investment of around US$77 million, is divided into three areas, namely commercial, industrial and the area reserved for the hybrid plant.

The commercial area constituted the public access core with shops, restaurants, food court, banks, tax offices, offices, convention center, professional technical school, medical center and accommodation building. The industrial area is made up of 26 lots of different sizes, intended for the implementation of a training center for diamond cutting, cutting factories and industries in the diamond industry.

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