Mushiete et compagnie #37730

Created at
2014-04-28
Last update
2025-01-07

General info

Name
Mushiete et compagnie
Country of registration/origin
Congo, Dem. Rep.
Classification
Private company
Comment
Novacel is a private company created by the late Paul Mushiete Mahamwe, Minister of Finance in DRC under former President Mobutu. His three children own the company, with his son Olivier Mushiete acting as the company’s director. Olivier Mushiete, a long-term resident in Belgium, launched the Ibi Batéké project in 1995. He also presents himself as a traditional chief of the land included in the Ibi Bateke carbon project, and several World Bank documents refer to Novacel as a company founded by ‘natives of the Bateke region’. Olivier Mushiete also created a non-profit organization, GI-Agro, which manages funds allocated to ‘community development’ projects’ for Novacel. restructuring of Novacel took place in 2015. a new company was established in 2016 under the name Mushiete et compagnie by the Mushiete family and a group of investors who have accompanied the project since the beginning.