Angola has passed a key milestone in the restructuring of its mining sector with the new organisation of its national regulatory agencies. A wave of privatisations is to follow as President Lourenço continues to push for a more investor-friendly environment.
President João Lourenço has revoked the mining permit for the Maua diamond site that had been run since 2013 by firms owned, according to the Luanda Leaks, by his predecessor's daughter, Isabel dos Santos. The decision comes amid a wave of changes to the mining industry driven by the head of state.
The sweeping changes brought throughout the mining sector by new president Joao Lourenco have kick started the mining community in action. But to ensure it isn't all just political posturing and it can actually secure foreign investment, the new administration