Sierra Leone diamond industry headed for growth

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.