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Home Angola

Angola inaugurates Saurimo Diamond Development Hub

Mark-Anthony Johnson by Mark-Anthony Johnson
September 4, 2021
in Africa, Angola, Diamond, Government
Reading Time: 1 min read
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The long-awaited launch of the Saurimo Diamond Hub was inaugurated last Friday by President João Lourenço amidst huge cheer. The Saurimo Diamond Development Hub is a space, the main objective of which is to bring together companies related to the mining economy with a focus on the diamond value chain.

The creation of the hub will allow the country to develop the Diamond Exchange Market, but also to increase production, reduce illegal mining and increase the cutting capacity, which should reach 20% of the total diamond production in Angola.

The hub, with an investment of US$77 million in the first phase, will have four diamond cutting factories that will join the existing four in the country.

Also read: Angolan Government proposes to modify country’s political-administrative organization

Built in an area of 305.185.74 square meters, the hub is divided into three main areas: commercial, industrial and one reserved for the hybrid plant.

The commercial area with a public access nucleus including shops, restaurants, food court, banks, tax offices, other offices, convention center, professional technical school, medical center and accommodation building.

The industrial area consists of 26 lots of different dimensions for the implementation of a diamond cutting training centre, cutting factory and other industries in the diamond sector.

Located four kilometers off the city of Saurimo, the hub in its entirety, will guarantee five thousand jobs.

In 2020: Sodiam, Angola’s state diamond company, opened a jewelry store, its latest attempt to boost the local trade in the mining-focused country.

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Tags: AngolaAngola inaugurates Diamond Development HubDiamond Development HubFeatureMark-Anthony JohnsonSaurimo Diamond Development Hubанголаأنغولاアンゴラ安哥拉
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Mark-Anthony Johnson

Mark-Anthony Johnson

MARK-ANTHONY JOHNSON is the founder and CEO of JIC Holdings, an innovative private holding company established in 2009 which he has built into an international asset and investment management company with offices, associates and investments around the globe. This followed the success of the JIC Group which he founded in 1985. He was educated in the UK at Mill Hill School and then achieved a BA (Hons) in Business and International Finance at University of Westminster. Mark-Anthony’s vision has long been towards emerging and frontier markets with particular emphasis on Africa, Latin America and the Caribbean and his philosophy can be summed up in the phrase “knowledge is power”. Mark-Anthony is also enthusiastic about the latest communication tools, which he uses intensively to keep in touch with up to the minute data. With a deep-rooted connection to the African continent, Mark-Anthony has been passionate about developments in Africa for over 30 years. He has worldwide interests in mining, infrastructure, power, electricity, shipping, commodities, agriculture and fisheries and is currently looking to develop farms across Africa. Mark-Anthony has a vision for a future Africa as the breadbasket of the world. For many years Mark-Anthony has been active on the ground in Africa through his charitable foundation, the Johnson Foundation. Created in 1989, it first provided assistance to people in his ancestral home country, Sierra Leone, even before the civil war. Once the war started, his aid was even more necessary and became focussed on Mark-Anthony’s major concerns for Africa -education, clean water and medical assistance. Over the years, the Foundation’s work has been extended into many parts of Sub-Saharan Africa and has been instrumental in setting up new clinics and rehabilitating villages, schools, places of worship, water facilities etc.

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