How Olivier Colom, a former diplomat of Nicolas Sarkozy, became a financial advisor in Africa.

by Cathy FOFANA
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olivier colom

Olivier Colom is closely linked to Egyptian tycoon Naguib Sawiris, who placed him on the board of directors of Endeavour Mining and then on the supervisory board of Euronews.

Olivier Colom In the shadow of Nicolas Sarkozy

He went through the diplomatic cell of the Elysée Palace under the presidency of Nicolas Sarkozy – who is currently accused of having received illegal funds from the late Libyan dictator, Colonel Muammar Gaddafi, for his 2007 presidential campaign. Olivier Colom is now positioning himself in the already crowded but also very lucrative niche of financial advice to African states. In the summer of 2020, he set up a micro consulting firm specializing in financial support for African governments.

A Endeavour Mining Corporation

Endeavour Mining Corporation is an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project located in Côte d’Ivoire. The Company was formerly known as Endeavour Financial Corporation and changed its name to Endeavour Mining Corporation in September 2010. Endeavour Mining Corporation was incorporated in 2002 and is based in London, UK. As at December 2019, the Company had a reserve of approximately 7.9 million ounces.

To finish at Euronews

As for the European channel Euronews, the Lazard Bank had been mandated as early as 2014 to find investors. Discreet negotiations initiated with Germany and Poland did not succeed. And it was thanks to the lack of interest from Europeans that the billionaire Naguib Sawiris became the owner of 53% of the shares of the channel by putting on the table 35 million euros through a capital increase, in comparison the small DTT channel “Number 23” was sold for 90 million euros, Naguib Sawiris has pulled off the coup of the century.

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