Abdoulaye Ndiaye

Abdoulaye Ndiaye (born on 15 March 1952) is a Senegalese businessman and entrepreneur based in Kitwe, Zambia.[1][2][3]

For Senegalese sprinter, see Abdoulaye N'Diaye.
Abdoulaye Ndiaye
Born
Abdoulaye Ndiaye

(1952-03-15) March 15, 1952
Medina Gounass, Senegal
OccupationEntrepreneur gemologists
Years active1972-present

Early life

Abdoulaye was born in 1952, in Medina Gounass village in Senegal. He is commonly known as Gounass. He went to an Islamic school in Medina Gounass. Abdoulaye came to Zambia in 1972 and started his business of buying and selling of emeralds from Lufwanya on the Copperbelt of Zambia until he bought an emerald mine in 1997.[1][4] He settled in Kitwe where he established his other businesses. Abdoulaye has been married several times and has 13 children. Abdoulaye is also a principal shareholder in International companies such as Ontario Group of Companies S.A, a real estate company based in Dakar, Senegal, and Gounasse International Inc, a company involved in real estate as well as in the hospitality industry.[5]

Career

Abdoulaye started his career by buying and selling of emeralds. In 1997 he purchased an emerald mine on the Copperbelt of Zambia.[1] The major product that Abdoulaye's mine produces is raw and partially processed emeralds and beryl.[2] Zambian Emeralds tend to have more of a bluish cast than either Brazilian or Colombian emeralds, and tend towards a slight grayish cast, which is not present in either Colombian or Brazilian Emeralds.[6] The Zambian and Brazilian Emeralds may also be coloured due to the presence of vanadium, whereas Colombian Emeralds usually achieve their coloration from the presence of chromium.[3][7]

Abdoulaye's companies have created employment and business opportunities for more than 800 people in Zambia and Senegal, this in turn contributes significantly towards government revenue, in terms of various taxes.[7][8]

Gemcanton

Gemcanton is based in Kitwe and owned by Abdoulaye. The company contributes in gemstone mining including emerald and beryl production. The company focuses on improving the lives of indigenous people residing within the vicinity of mine-sites. Gemcanton has invested in education by constructing two community schools in the district, one of which has since been handed over to the Ministry of Education. The company is involved in the annual road maintenance works throughout the district.[9] Gemcanton is the principal sponsor of Afrisport Club from 2012, which is now playing in Division 2. Kitwe United were sponsored up to December 2012.[10]

Grizzly Mining

Grizzly Mining Limited was incorporated as mining company by Abdoulaye in 1997 and subsequently other companies were incorporated.[4] The company is headquartered at Kitwe. Grizzly Mining Limited is engaged in the production, processing, grading, marketing and supply of emeralds and beryl.[11][12]

References
  1. Billionaire Leviev Adds Zambia Emeralds to Diamond Portfolio Bloomberg Retrieval date 5 August 2017
  2. Bells produce the gems Mining Magazine Retrieved through HighBeam Research Publication date 1 June 2000, Retrieval date 5 Auguast 2017
  3. Zambia produced 74.7 metric tons of emerald and beryl Yahoo News Retrieval date 5 August 2017
  4. Diamond Mogul Leviev Buys 50% of Zambian Emerald Mine IdexOnline Retrieval date 5 August 2017
  5. Grizzly was previously 85% owned by Abdoulaye Ndiaye Mining Weekly Retrieval date 5 August 2017
  6. Emerald prices have soared by more than tenfold in the past eight years Archived 2017-08-06 at the Wayback Machine Securities Africa Retrieval date 5 August 2017
  7. Zambia extractive industries transparency Initiative (zeiti) Extractive Industries Transparency Initiative Retrieval date 5 August 2017
  8. Ministere de l’economie et des finances - Arrete ministeriel n° 228 mef-dgid-dedt en date du 5 janvier 2011 Journal officiel de Senegal Retrieval date 5 August 2017
  9. Company Overview of Gemcanton Investments Holdings Limited Bloomberg Retrieval date 5 August 2017
  10. Grizzly Mining gives Afrisport K500,000 Zambia Daily Mail Retrieval date 5 August 2017
  11. Ndiaye is the owner of Grizzly Mining Zambia Archived 2017-08-06 at the Wayback Machine Retrieval date 5 August 2017
  12. Grizzly Mining Ltd. is Zambia’s leading gemstonemining company. Incorporated in 1999 Winne Retrieval date 5 August 2017
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