Guinea posts 8.8% growth at Simandou Mining Summit
By the AFREEQUE newsroom, based on Visionguinee
Guinea Development Board director general Namory Camara presented the country’s economic strengths at the Simandou Mining Summit in Conakry on Friday: 8.8% growth, $7.8 billion in foreign direct investment last year, and second place among African destinations after Egypt. He invited investors to explore sectors beyond mining under the Simandou 2040 programme, according to Visionguinee.
Guinea’s economic growth rate stands at around 8.8%, Guinea Development Board (GDB) director general Namory Camara said on Friday 13 November at the Simandou Mining Summit in Conakry, according to Visionguinee. He also announced that the country had attracted a record $7.8 billion in foreign direct investment the previous year, ranking second in Africa behind Egypt.
Namory Camara recalled that Guinea received its first sovereign rating from S&P in September 2025, with a B+ rating and a stable outlook. He called on investors to take an interest in sectors extending beyond mines and minerals.
The first phase of the Simandou 2040 programme, Guinea’s 2025-2030 development plan, represents around $65 billion in investment, 40% of which is to come from the private sector, according to the GDB. Associated needs include 4,000 megawatts of electricity-generation capacity by 2030, 850 kilometres of motorways and the construction of 50,000 homes per year.
The announcements come as Guinea presents four infrastructure projects to investors, on 12 November, during the Simandou Mining Summit.
