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Additional economic activities must be developed in Eastern Kasai for the province to be lifted out of a quasi self-imposed misery. A rent-seeking economy based on diamond revenue is a curse, not a blessing, to the province. Even if MIBA were managed properly and all “private” diamond dealers were brought under state control, the province would still not be in a position to ensure its economic survival. The limited diamond reserves, the population growth and the volatility of the market price reduce profitability and make it structurally impossible for the diamond sector alone to lift the whole province out of poverty.
Why not develop the agriculture sector? The province can grow, even export wheat. Why not invest in food-processing industry or in light industry in general?
There are enough rich Kasaians who should set an example by investing their diamond revenues in their province instead of bragging in Kinshasa or buying mansions abroad.
Last edited by Pius; September 2nd, 2010 at 07:47 PM.
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September 2nd, 2010, 07:42 PM
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