![[Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years](https://theafricanbusiness.com/wp-content/uploads/2023/02/TALA-APP-360x180.jpg "[Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years 19")
The geological-mining operations carried out in some mines of Angola have confirmed that there are around 810 million carats of diamonds in reserves.
The information was disclosed through a press communiqué in the end of an assessment meeting on the “semestral diamond production review” held in Dundo City, north-eastern Lunda Norte Province, which aimed to analyse the geological prospecting process, operating costs, plus the fiscal and environmental responsibility of the companies.
The statement said that around 200 million dollars have been invested in the prospecting process, with the aim of strengthening the foundations and preparing the ground for sustainable growth in the future.
The reserves reinforce the sustainability of the subsector and require companies to innovate and strengthen their mining operations, reads the note.
It adds that companies in the subsector expect an even stronger performance in the second half of this year, especially in terms of production, showing optimistism about marketing.
In terms of tax compliance, companies are committed to paying their taxes within the deadlines established in the General Tax Code and other additional legislation.
With regard to the environment, the companies have committed to improving the processes for recovering degraded areas and building tailings pond for rivers.
The statement addds that companies have invested more than 100 million US dollars in projects that benefit communities, as part of their social responsibilities.
The participants defended the implementation of sustainable projects that have impact on the lives of the people in the communities and took good note of the recommendations made by the Lunda Norte provincial government regarding family farming and the promotion of entrepreneurship.
For three days, the diamond companies discussed their production over the last five years, operational situation in the first half of this year, as well as analysed the country’s economy and finances.
Angola has 22 mines in operation and 40 prospecting projects.
