Endiama to invite foreign investment

Endiama, a diamond firm in Angola is inviting foreign investments for diamond exploration activities and to tap undiscovered markets within the country. The potential, which Angola holds, is projecting an output of diamonds to 17-19 million carats by 2010, as mentioned by Reuters.

According to company spokesperson, Sebastiao Panzo, these foreign investors investing in the exploration stage, could be given rights to trade, although this was not yet affirmed. The company was also encouraging foreign investors, by way of easing the investment procedure, which may b legalised by the parliament soon.