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Sierra Leone diamond industry headed for growth
Vice President addresses Third International Rough Diamond Conference with growth projections
By: Diamond World News Service
Feb 12 2008 12:00AM
Reference: 874  


Being a speaker at the Third International Rough Diamond Conference, Sierra Leone’s Vice President Samuel Sam-Sumana shared a vision of growth for Sierra Leone’s diamond industry, as the new government has come into power since September 2007.

Presently, the country’s diamond trade constitutes 90% of its export revenue. “The current atmosphere in Sierra Leone encourages foreign investment,” he said. “Much depends on us and our ability to attract foreign investment and diamond traders. Sierra Leone recognises the importance of private investors – they are in fact a significant part of our business plan. The aim is the creation of a supportive, stable and attractive business environment.”

Sam-Sumana also highlighted the changes in the mining agreements in the country. “Our aim is not to arouse difficulties but to ensure that the agreements are fair and ensure that the people of Sierra Leone receive their rightful share.” “We encourage international companies to develop industries and mining in the country. The kind of enterprises that will create added value and job opportunities for our people.”

He stressed on increased social responsibility in the growth process. “We are taking steps to restore growth in our country. We adhere closely to the Kimberley Process. All of the diamonds we export are conflict free,” he said. Investment, social responsibility and mining were the key drivers identified for Sierra Leone’s progress.

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