Minister Azevedo announced the tax amendments during the inauguration ceremony of the fifth diamond-cutting factory at the Saurimo Diamond Development Park, located in Lunda Sul Province.
With the park already representing a key driver towards economic diversification, skills transfer and the strengthening of in-country diamond processing, the tax incentives will further enhance this trend.
The move falls under efforts by the Ministry to improve the operating conditions for diamond investors in Angola as the country targets widespread industry growth and resilience.
