GRAPHICS

Investment Opportunities in Angola's Diamond Sector

Feb 15, 2011 | 19:44 GMT

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(Stratfor)

Angola is promoting fresh investment opportunities in its diamond sector, particularly highlighting opportunities in the country's northeastern provinces Lunda Norte and Lunda Sul. At last week's international mining convention in South Africa, Angola's geology, mining and industry minister stated that the country's diamond sector could in the next 15 to 20 years rival its oil sector in value and output. However, getting to the isolated provinces of Lunda Norte and Lunda Sul is easier said than done. Possible road rehabilitation plans by the Angolan government, as well as road construction plans in neighboring Zambia financed by South Africa, could pave the way for renewed development of the Angolan diamond sector. The moves could also lead to South Africa usurping influence from Angola over the diamond-rich region of the country.