George Arthur Forrest (born 1940) is a Belgian entrepreneur, owner of the Forrest Group (Groupe Forrest), a group of companies founded in the Belgian Congo in 1922 and active in wind power and hydroelectric energy, construction, mines and metallurgy, biological food and aviation.He has been described as a philanthropic employer. See George Forrest's bio, transfer history and stats here. Rebels have wanted to kill him, NGOs accuse him of exploitation and Chinese newcomers have rattled his Congo mining empire, but George Forrest, one of Africa’s biggest businessmen, remains unbowed. Jean-Pierre Zinzen, the secretary general of George Forrest, says DR Congo is an inviting location for foreign investors. Kenya’s Equity Bank saw the need and moved there in 2015 after buying ProCredit Bank, now the Equity Bank of Congo. BCDC was majority-owned by the Forrest family (66.53 percent), government of the Democratic Republic of Congo (25.53 percent), and minority shareholders (7.94 percent). George Forrest, a businessman who does industrialised mining in Katanga, says that "the development of China means that there is a need to produce an extra 20,000 tonnes of cobalt per year". Going forward, the new bank will be known as, Equity Banque Commercial du Congo (E quity BCDC). In the coming months Korongo Airlines, affiliate of amongst others of Brussels Airlines, will start-up new regional and international links from its home base Lubumbashi (in the South Eastern part of the Democratic Republic of Congo) with the ambition of becoming a “Regional Airline” in Central Africa, George Forrest, president of the executive council announced at the end of August 2012. euro (US$14.5 mn.) "Katanga can produce that only if proper investments are made." He is better than most entrepreneurs in Katanga. This follows EGH’s acquisition of 66.53 percent shareholding of BCDC from the family of George Forrest, combined with prior EGH 86.6 percent shareholding in EBC and an additional EBC shareholding of 7.7 percent acquired from KFW during the year. Just recently it bought a controlling stake in the Commercial Bank of Congo from majority shareholder George Forrest’s family for Sh10.7 billion. [9] In April 2007, the Congolese newspaper "Le Potentiel" reported that Nikanor got the KOV concession located in the Katanga province in 2005 by promising to lend Gecamines, Congo's state company 24 million Euros. HeidelbergCement has signed an agreement with George Forrest in order to expand the cement production capacity in the Democratic Republic of the Congo (DRC). GFI created two new subsidiaries, Atelier mecanique et fonderie (AMF) and Congo Supply and Engineering … Stable and Sustainable Investments; 97 years of uninterrupted activities in central Africa; A family, industrial and African identity; Social commitment to the local populations ; Forrest quality products. Furthermore he will have to adapt once there is a constitutional state in Congo. LES PLUS LUS; Contenu récent ; Aujourd'hui : Quand? Mining. The state-run mining sector employes 70,000 people "When the state is in trouble, we provide some support for the war effort," Mr Kongolo admitted. Lubumbashi, the mining capital of the Democratic Republic of the Congo, is a base for many of the country's biggest mining companies. Storefronts in Lubumbashi. GEORGE FORREST INTERNATIONAL AFRIQUE SPRL is a company registered in Congo (DRC). Coltan is short for Columbite-tantalite – a black tar-like mineral found in major quantities in the Congo. Forrest's 11 mn. Gecamines caught up in own double play between Forrest and Shamrock in Lubumbashi The conflict waging between George Forrest International (GFI) and Congolese state-run firm Gecamines for control of the Lubumbashi slag heap (AMI 391) conceals another, more strategic, tug-of-war. GTL was formed in 1997 as a partnership between OM Group (55%), Gécamines (20%) and George Forrest International (GFI) (25%). The battle for the control of BCDC, which is being acquired by Equity Bank, began in 2013 when Kabila’s family sought to buy out the George Forrest family which has a long history in Congo’s mining, construction and cement business . He, along with many talented and passionate colleagues, has built the company into one of the world’s most successful independent research and advisory firms with locations in more than 30 countries. It is now being processed by a joint venture between the state mining company, the George Forrest Group - a Belgian-Congolese conglomerate - and the American OM Group, which with more than $100 million invested in the project is the majority shareholder. The newly agreed shareholder structure will give HeidelbergCement a majority position in Forrest Group’s cement activities in DRC. Profile page for Crawley Town football player George Forrest (Defender). George Forrest. The other 30 percent of Korongo is held by Congolese investors. lun, 15/02/2021 - 15:04; L’homme qui pesait dix milliards de dollars débarque à Kin. The other 30 percent of Korongo is held by Congolese investors. The airline Korongo Airlines, a joint-venture between Brussels Airlines and the Belgian multinational Groupe George Forrest International, also maintains its head office in Lubumbashi. Congo Energy, an affiliate of George Forrest International (GFI) that was set up in 2013, is to complete a rehabilitation project in coming months that will add 381 MW to the national grid’s capacity. ‘With the Tanzania case (where De Gucht blocked a Forrest company project to refurbish an ammunition factory in Tanzania,jvd) I think I have proved my independence from George Forrest. When coltan is refined it becomes a heat resistant powder that can hold a high electric charge. Company profile page for George Forrest International Afrique SPRL including stock price, company news, press releases, executives, board members, and contact information George Forrest. GFI acquired OM Group’s stake in 2013 and GTL has since operated as a joint venture between GFI (70%) and Gécamines (30%). Lubumbashi, DR Congo | AFP | Rebels have wanted to kill him, NGOs accuse him of exploitation and Chinese newcomers have rattled his Congo mining empire, but George Forrest, one of Africa’s biggest businessmen, remains unbowed. It was also revealed that George Forrest was a key funder of Joseph Kabila's political party, People's Party for Reconstruction and Democracy (PPRD) during the 2006 elections. The scheme, which has major political implications, is being monitored closely by Moise Katumbi, former governor of Katanga and a rival to Congo-K president Joseph Kabila. The Congo possesses 64 percent of the world’s coltan. En Rd-Congo, le super banquier kenyan James Mwangi veut faire du neuf avec du vieux. Le Soft International n°1518, lundi 15 février 2021, Kinshasa-Paris, Bruxelles. But I do not want to make the bad guy out of him. Info-clipper.com brings you a complete range of reports and documents featuring legal and financial data, facts, analysis and official information from Congolese Registry. Following our report in the July 31 2002 issue of Africa Mining Intelligence, (N° 43), Groupe Forrest International (GFI) has - 18/09/2002 George Forrest International, run by veteran Congo investor George Forrest, holds the other 49 percent of Airbel. George founded Forrester in his basement 30 years ago. Equity BCDC is a subsidiary of Equity Group Holdings Plc (EGH) following the acquisition of majority shareholding of BCDC by EGH from the family of George Forrest in July 2020. George personifies the Forrester experience and the company’s values with direct, honest advice. Lubumbashi, Democratic Republic of the Congo: Key people: George Arthur Forrest, chairman: Website: flykorongo.com: Korongo Airlines sprl (after the Swahili term for large migrating birds) was an airline from the Democratic Republic of the Congo (DR Congo), headquartered in Lubumbashi. Social commitment is part of the Forrest Group's DNA. The operation processes huge tailings of copper and cobalt in Lubumbashi and produces alliage blanc at the Big Hill smelter. In fact, Global Witness reports that deals signed with Phelps Dodge, Global Enterprises Corporate Ltd and Kinross-Forrest (Kinross Gold Corporation of Toronto, Canada and George Forrest International of Belgium) deliver 70 percent of the Congo's known copper reserves to these foreign corporations. Tanzania is getting a new ammunition factory thanks to George Forrest International, a firm whose eponymous main shareholder has big interests in Congo-Kinshasa and has told United Nations investigators and Belgian Senators it had no connections with military supplies to Congo. In early March, GFI bought several assets from Belgian firm Fondaf, along with an iron ore and steel smelter used to manufacture parts used by mining operators. Gecamines caught up in own double play between Forrest and Shamrock in Lubumbashi The conflict waging between George Forrest International (GFI) and Congolese state-run firm Gecamines for control of the Lubumbashi slag heap (AMI 391) conceals another, more strategic, tug-of-war. Check GEORGE FORREST INTERNATIONAL AFRIQUE SPRL. George Forrest's group has heavily invested in ore and metal processing from which it hopes to see return in the coming years. The company's boss, George Forrest, has always secured his relationships with Congo's rulers. Comment? George Forrest International, run by veteran Congo investor George Forrest, holds the other 49 percent of Airbel. The area also has a daily newspaper. Read more about our initiatives for the benefit of local people in Africa.