Oman's sovereign fund steps into Angola's Catoca mine as Alrosa exits
A subsidiary of Oman's sovereign wealth fund has taken over Alrosa's stake in Angola's Catoca diamond mine, ending the Russian giant's two-decade presence in the project.
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- 1 May 2025
Diamond slump drags on Namibia's growth outlook
Namibia's government trimmed its 2025 growth forecast to 4.5%, citing weak diamond markets and steep production cuts at De Beers as a drag on the economy.