Tenke Fungurume is home to one of the largest mining sites in the world rich in copper and cobalt. The Tenke Fungurume mine is located in Katanga Province in the Democratic Republic of Congo (DRC), Africa. It cost a consortium of 3 foreign companies approximately $3 Billion to build and develop Tenke Fungurume mine since 2009. Nonetheless, it is most unfortunate that the Tenke Fungurume mine was sold in 2016 and the citizens of poverty-ridden Democratic Republic of Congo got absolutely nothing from the deal. The majority shares of approximately 60% was sold to China Molybdenum company by former owner Freeport-McMoRan. In the exit deal, Freeport-McMoRan gain over $2.5 Billion. Freeport-McMoRan sold all stakes in Tenke Fungurume and exited Africa in an effort to reduce the company’s risky debt of over $20 Billion. Despite being a country rich in natural resources, the Democratic Republic of Congo is one of the least developed countries in the world with a poverty rate of over 75%. Since independence, millions of people have been killed in instances of war and extreme violence brought on by poverty in the DRC. The GDP per capita in the DRC is one of the lowest in the world at $700 compared to the USA at $60,000.
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The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Chief Executive Consultant, Olatorera Oniru is very passionate about seeing businesses succeed and operate optimally. She is also notably passionate about witnessing Africa transformed into one of the world’s greatest continents. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.
Some of the services we provide to our clients:
- Doing Business In Africa: Data Analytics, Market Insights, Launch Plan & Strategy Development
- Service Level Critique and Secret-Customer Detective Services
- Customer Service, Quality & Operational Excellence Assurance
- Seal of Africa’s Best and Nomination for Annual List of “Africa’s Best 100 Companies” and “Africa’s Best 100 Leaders”.