Angola to change diamond sector to attract investment

LUANDA, June 06 (Reuters): Angola will make changes to how its secretive diamond industry works in order to attract more investment, increase production and secure higher government revenue, President João Lourenço said on a visit to Antwerp, Belgium.

Africa's second-largest crude producer is trying to open up and diversify its economy after suffering a dramatic slowdown due to lower oil prices.

"We recognise that the policies for this sector, established by us, do not best serve the interests of the country nor of the producers," Lourenço said of the diamond industry in a speech reported by Angolan daily O Pais on Wednesday.