Guinea and UK increase investment target to £2.7 billion

During the fifth edition of the West and Central African Francophone (WCAF) Trade and Investment Forum in Conakry, Guinea and the United Kingdom announced a significant increase in economic cooperation. The British investment target for Guinea has been raised from £1.8 billion to £2.7 billion.

President Mamadi Doumbouya met with a high-level British delegation, including Ben Coleman, advisor to the British Prime Minister on trade, and Tim Reid, Executive Director of UK Export Finance. The discussions focused on strengthening trade relations and promoting investments aligned with the Simandou 2040 program.

Guinean Minister of Planning, International Cooperation, and Development, Ismaël Nabé, emphasized the need to translate these financial commitments into concrete projects, job creation, and skill transfers to benefit the local population.