Conakry – Guinean President Mamady Doumbouya met with Nigerian billionaire Aliko Dangote on Tuesday to discuss potential investment opportunities in Guinea.
During the meeting, Dangote expressed strong interest in investing in several key sectors of the Guinean economy, including hydrocarbons, agriculture, and infrastructure development.
He also expressed a keen interest in participating in the development of the Simandou iron ore project.
“We discussed a direct agreement between the Dangote refinery and the state of Guinea, without intermediaries, to obtain reduced prices for hydrocarbons,” Dangote told reporters following the meeting. He emphasized that the construction of depots would benefit both Guinea and the surrounding sub-region.
Regarding the agricultural sector, Dangote highlighted the importance of supporting Guinea’s agricultural modernization through the provision of essential inputs such as fertilizers and other necessary resources. He emphasized that Guinea, with its vast agricultural potential, requires the necessary support to develop this crucial sector.
President Doumbouya welcomed Dangote’s investment proposals and expressed his support for the inclusion of the Dangote Group in Guinea’s national development plan, particularly in the context of his “Simandou 2040” vision.
This meeting underscores the growing interest of international investors in Guinea’s economic potential and the government’s efforts to attract foreign investment to drive economic growth and development.
Read More: