Angolan President, João Lourenço expressed his confidence that the diamond trade would boost the country’s economy as he swore in the new CEO and board members at Sodiam-EP, the marketing subsidiary of state owned diamond company Endiama, according to media reports.

Vice president Bornito de Sousa also attended the event at the Presidential Palace.

Eugénio Bravo da Rosa was sworn in as the new Sodiam CEO, while Fernando Teixeira da Fonseca Amaral and José das Neves Gonçalves Silva were appointed as directors.

The President was also reported to have said that improvement in the country’s diamond trade was one of the priorities for the new senior management, even as he stated that the new team was capable of steering the trade and increasing the sector’s fiscal contribution to the economy.

Addressing the media after the swearing-in, new CEO Eugénio Bravo da Rosa reportedly stated that the board would reorganise and restructure the system to an extent to boost sales. He expressed his confidence that by implementing a new framework, this goal set by the President could be achieved.