InvestorsHub Logo
Followers 34
Posts 1880
Boards Moderated 0
Alias Born 03/31/2015

Re: goldismoney1 post# 52710

Tuesday, 05/17/2016 3:45:35 PM

Tuesday, May 17, 2016 3:45:35 PM

Post# of 63744
Moïse Katumbi

Katumbi's career began in the fishing industry when he was 13.[8] He sold salted and fresh fish to the state-owned mining company Gécamines.[4][17]

In 1987, he created the holding company Etablissement Katumbi to aggregate all of his business activities including mining, transportation, and food processing.[4]

Katumbi founded MCK (Mining Company Katanga) in 1997, which specialized in mining and logistics and subcontracted for mining companies in the region, including Gécamines.[3][4][15] By 2015, the company had grown to 1900 employees and was a leading mining company in the country.[3] French company Necotrans bought MCK in November 2015 for an undisclosed amount.[3]

Around 2000, during the Second Congo War, Katumbi moved to Zambia, where he had business ties in transportation. He returned to the DRC in 2003 by invitation from President Kabila, who urged Katumbi to help fix the mining industry in Katanga.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.