Editor’s Note
Angola is reportedly in talks to acquire a significant minority stake in De Beers, the iconic diamond unit Anglo American is seeking to sell. This move highlights the shifting dynamics in the global diamond industry and the strategic interests of major producing nations.
Angola is in negotiations to acquire a 20% to 30% interest in De Beers, the diamond unit of Anglo American, according to a Reuters report. The discussions are part of broader talks with other African diamond-producing nations.
De Beers is a major diamond company operating in Botswana, South Africa, Namibia, Angola, and Canada. It is currently up for sale by Anglo American due to declining diamond prices and the increasing prevalence of synthetic diamonds.
In October 2025, Angola initially bid for a majority interest in De Beers but subsequently adjusted its goal to seek a minority holding. Angola’s National Director of Mineral Resources, Paulo Tanganha, stated at an African mining conference in Cape Town:
Tanganha added.
For Angola, the stake acquisition would be managed by its state-owned entities Endiama and Sodiam on behalf of the government. Tanganha did not reveal specifics regarding the financial mechanisms Angola would employ to fund the acquisition but mentioned the existence of numerous funding options for the country.
