Africa News, Congo Diamonds: Miba Management Suspended

Diamond sellers at Tshilamba market in Mbuji-Mayi, DRC.

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

The Democratic Republic of Congo’s government suspended the board and management of Miba SA, the state-controlled diamond company, according to minutes of a meeting of the Council of Ministers.

The move came after an audit “identified major dysfunctions in compliance, governance and management, production and financial administration,” the…

Source link

About Author: integral
A free-thinking individual who strives to maintain psychological balance between the two polar aspects of Human Nature; Desire and Conscience. However, These conditions can never be balanced because inertia will carry us to extremes. Balance is a constant struggle therefore I live by the principles of the HERU Interface