Albert Yuma Mulimbi


Albert Yuma Mulimbi is a Congolese businessman, economist and chairman at the Congolese state-owned mining company Gecamines. An International Labour Organization dignitary, he is the chairman of the Congolese Employers Federation, Democratic Republic of Congo's biggest business lobby group.
In late April 2019, Jeune Afrique reported that Yuma was recommended by former DRC President Joseph Kabila, whose coalition controls the majority in the Parliament, to the incumbent President Félix Tshisekedi as a potential Prime Minister. His candidacy was rejected in favour of Sylvestre Ilunga.

Early life

Yuma was born on July 30, 1955 in Kongolo, Tanganyika province. Having spent much of his childhood in Belgium, he later earned a Master of Applied Economics from the University of Louvain.

Career

Yuma joined UTEXAFRICA, a textile and real estate development company now known as TEXAF, in 1983. He serves as its co-managing director and is also a major shareholder, where he derives most of his wealth.
Since late 2010, he has served as the chairman of Congo's parastatal mining enterprise Gécamines. Under his leadership, he attempted to grow the company in spite of its international competitors. For example, he spearheaded a lawsuit in the International Court of Arbitration against Freeport-McMoRan after Freeport sold its 80% stake in the Tenke Fungurume mine to China Molybdenum, as it had failed to warn Gécamines, which owns 20% of the mine. As of September 2016, he planned to cut costs by reducing the workforce.
Yuma is the chairman of Texico, the manufacturer of police and army uniforms in the DRC, and deputy chairman of Texafrica, the manufacturer of uniforms for infrastructure workers. Additionally, he is the co-owner of Afritex, a wrapper factory in Kinshasa. In 2015, after he had failed to purchase the Orgaman Group from the Damseaux family because their asking price was too high, Yuma also invested in food production. He also serves on the board of directors of the Central Bank of the Congo.
In addition, Yuma serves as the chairman of the Congolese Employers Federation, and as the Vice-President of the International Organisation of Employers. Since 2012, he has also served as the chairman of the Permanent Conference of African and French-Speaking Consular Chambers, an organization of francophone African chambers of commerce. Additionally, he serves on the board of directors of the Belgian-Congolese-Luxembourg Chamber of Commerce, and the council of the International Labour Organization.

Awards