Nicole Sulu: 'Africa needs a greater say in the industries its minerals make possible'

Nicole Sulu, Makutano Mining's leader, believes Africa should have a greater role in the industries that benefit from its mineral resources. She explains that when running a business, entrepreneurs often face challenges outside their control, such as unreliable power or financing obstacles. Makutano Mining aims to address these issues by connecting businesses with the necessary resources to overcome barriers.

The Democratic Republic of Congo (DRC) plays a significant role in global mineral supply chains. President Félix-Antoine Tshisekedi Tshilombo has prioritized local mineral processing as a means of industrial development. Sulu emphasizes that for Congolese entrepreneurs to thrive, they need access to contracts, finance, and knowledge to grow from small suppliers to larger engineering businesses. With this growth comes increased influence over investment decisions and the direction of the economy.

The DRC's 2024 production of refined copper through leaching and electrowinning is approximately 2.55 million tons, as reported by the US Geological Survey (USGS). This provides a solid foundation for industrial development, but there is still room for improvement in areas like processing capabilities, equipment maintenance, and chemical supply. Success in these areas depends on understanding where each business can compete and ensuring that projects remain economically viable.

While the global demand for critical minerals may give African producers more bargaining power, it does not automatically translate to stronger negotiating positions. African producers must understand their resources, prepare projects, and negotiate from a position of strength. Legal expertise and institutional coordination are essential for securing agreements that support development.

International partnerships should focus on enabling local businesses to grow over time. Suppliers should be supported in securing financing, meeting certification standards, and accessing technical training. These efforts will help African companies become stronger partners in their own right.

To ensure that industrial development benefits people beyond the largest companies, opportunities should be created around mines for transport operators, maintenance companies, and other related businesses. Fair procurement practices, manageable payment terms, and training opportunities that lead to jobs for women are also crucial. Communities must have a say in decisions affecting their land and water, and these relationships must be maintained throughout a project's life to retain public confidence.

During Makutano Mining 2026, participants can expect plenary debates, technical sessions, and CEO conversations to explore the industry's direction. The conference will also provide opportunities for business meetings and deal room discussions about projects, financing, and partnerships. A gala recognizing contributions to the industry's development will take place on November 24th, with a focus on celebrating the DRC's linguistic heritage.

Notable attendees include heads of state and government, as well as representatives from various companies and financial institutions.