Search
  1. Home
  2. Southern Africa
  3. Angola
  • News

Angola’s revenue from diamond production grows

    JOHANNESBURG

    Angola’s income from diamond production has increased by 50 percent this year as compared with that of last year, the official newspaper ‘Jornal de Angola’ reported on Thursday. Angola’s Vice Minister of Geology and Mines Antonio Carlos Sumbula was quoted as saying that the Angolan government hopes in this year to make over US $600 million from the production of diamonds.

    The record revenue is primarily because the Angolan Armed Forces (FAA) have guaranteed security in the diamond extracting zones and recovered almost all the regions formerly held by UNITA rebels, Sumbula said. He added that in 1999 diamond production in the zones controlled by the government was less than US$ 200 million.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join