RE: Glencore8 Dec 2022 13:04
A 2016 article about Obambi
Sixty one year old Paul Obambi has been president of the Brazzaville Chamber of Commerce, Industry and Trades (CCIAM) since 1998. More importantly, however, he is Congo-Brazzaville's leading private sector entrepreneur. His Sapro group, with its 14 subsidiaries, covers most of the country's key business sectors. Obambi, who is reputed to be authoritarian, has built up his position through his connections with the regime of Denis Sassou-Nguesso. Founded in 1992, Sapro is active in oil trading through Sapro Oil, a company set up in 2007 following the group's acquisition of a 50% stake in X-Congo Oil from Lynx. The same year, Sapro moved into lubricants and agricultural inputs through the acquisition of Ufalu from Société Nationale des Pétroles du Congo (SNPC). Ufalu, which was renamed Solupac, is headed by Alphonse Obambi-Itoua, one of Paul Obambi's brothers.
Family management is one of Obambi's trademarks. He likes to ensure that his brothers get top positions at all times. Another of his brothers, Raymond Obambi, heads construction company Getrab. Sapro is also active in the mining through its subsidiaries, Afrimines and Socin Mines, which mine deposits of iron ore, potassium and manganese. The group also owns an advertising company called Media International, which is established in Congo-Kinshasa, Central African Republic and Ivory Coast, as well as PVC manufacturer Sapro Plastique, three bottling plants run by Sapro Boissons and soap manufacturer Sapro Savons.
Other assets are managed through shareholdings. This is the case for Azur Télécom, a subsidiary of Bahrain-based telecommunications group Bintel which is managed by another brother, Jean-Bruno Obambi. Sapro has also set up numerous partnerships in Congo-Brazzaville with international groups like Air France, Heineken, Bolloré, JC Decaux, Airtel and MTN.
Beyond the family circle, Obambi's prominent position in the national economy was favoured after the civil war by Denis Sassou Nguesso's encouragement of a new generation of entrepreneurs who came like him from the north of the country. Friendships with his fellow Mbochis from Ollombo also played a role. Within the ruling regime, the Ollombo Mbochi clan, which comes from the Plateaux department in central Congo-B, is engaged in direct competition with the Mbochis from Oyo, who include Denis Sassou Nguesso himself and Jean-Jacques Bouya, and the Mbochi from Boundi, Rodolphe Adada and Denis Gokana among them, for control of the country's principal revenue flows.
Obambi relies on his mentor, General Pierre Oba, to maintain good relations with the president's inner circle and draws, too, on his relationship with Jean-Bruno Itoua, formerly the presidency's representative in the oil sector. Itoua introduced him, notably, to Charlotte Ovunda Makanda, a personal friend of first lady Antoinette Sassou Nguesso.
Continued...
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