Economy of Congo Dem. Republic.

  • Trade

Clandestine miners live on about $1 a day.

The 40 square km mine belongs to the state diamond company Miniere du Bakwanga (MIBA) and produces diamonds worth between $6m and $8m every month thanks to the many mechanical shovels and the company's two washing plants.

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But all together, this region of Congo exports diamonds worth $30m every month.

Investment 

With its history of wars and violence, DR Congo is considered a high-risk country and banks have in the past been reluctant to loan money to Congo's private companies, let alone those that are state owned.

However, Mr Luabeya managed to recently secure a $30m dollar investment that he expects will double MIBA's production within five years.

MIBA, which still has 70,000 square km of unexploited diamond deposits, is planning to create new partnerships and to open two other mines in the next ...

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