Australian mining firm Lucapa Diamond has discovered a 104 ct diamond at the Lulo mine in Angola. Testing of at Yehuda colorimeter revealed that it was a type IIa diamond.
The D-Colour (colorless) stone is one of the four diamonds exceeding 100 ct recovered since the beginning of the year, and the fifth since mining operations at the project started. In February 2016, a 404 ct diamond was recovered at Lulo, the country’s largest stone so far.
The Lulo mine which has entered into exploitation in January 2015 is co-owned by Lucapa, Empresa Nacional de Diamantes A.P and Rosas & Petalas.
Angola is the world’s fourth diamond producer.
Gwladys Johnson
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Rwanda ranks first in Africa in the World Bank’s Business Ready 2025 with a score of 67.94. Benin and Senegal enter Africa’s Top 10 for the first time...
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Acumen closed a $250 million blended-finance raise for off-grid electricity in sub-Saharan Africa. The H2R Amplify debt fund reached $180...
Ivory Coast expects a new government after the prime minister and cabinet resigned following December 27 legislative elections. The ruling RHDP won...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...