Africa in BusinessAfrica in Business

DRC signs diamond-cutting deal with a Swiss company, what is the catch?

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The Democratic Republic of Congo (DRC) last week signed a diamond processing agreement with Swiss company ADEX aimed at implementing measures that they say will modernize and formalize the country's diamond and coloured-gemstone sector.

The country's Minister of Mines Louis Kabamba says that the initiative plans to establish a high-end cutting and jewelry workshop, a digital platform for direct access to global markets, and programs for technology transfer and national capacity building.

For a perspective on this, Thami Ngubeni spoke to Peter Major who a mining analyst.

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