Angola Seeks Mining Investment Instead of Export Bans

Angola does not plan to pursue export quotas or bans on mining companies to develop its domestic industry, a senior minerals minister said on May 15, 2026. Speaking to reporters in London, the minister said the government would instead prepare conditions to attract investment so private companies can establish factories.

The statement outlines a strategy focused on incentives rather than restrictions.

The approach contrasts with measures taken by DR Congo and Zimbabwe. Those countries have implemented quotas on foreign sales of cobalt and an all-out ban on the export of lithium to build refining capacity and capture more value from their natural resources.

The minister, who holds the portfolio for mineral resources, petroleum, and gas, also said Angola was pursuing a minority stake in De Beers. He described the stake as sizable enough to secure a seat at the table because the country wants input on strategy.

Angola and Botswana have separately sought to acquire Anglo American’s shares in the diamond giant. Botswana said in November it was taking concrete steps to acquire a majority stake.