London announces $3bn for Simandou 2040 in Guinea
By the AFREEQUE newsroom, based on Visionguinee
The United Kingdom has announced $3 billion to support Simandou 2040, Guinea's development programme linked to the mining and infrastructure project. The announcement came during a meeting between Mamadi Doumbouya and a British delegation led by Ben Coleman, on the sidelines of an economic forum in Conakry.
The United Kingdom is providing $3 billion to support the Simandou 2040 programme in Guinea, according to the Guinean Minister of Planning, International Cooperation and Development. The announcement was made after a meeting in Conakry between President Mamadi Doumbouya and a British delegation led by Ben Coleman, the British Prime Minister's trade adviser.
The portfolio of British funding in Guinea would rise from £1.8 billion to £2.7 billion. Discussions also covered projects supported by UK Export Finance, the UK's export finance agency, including the Koloma administrative city, as well as new funding in priority sectors.
Ben Coleman said London intended to deepen its relations with Guinea, praising the development vision presented by Mamadi Doumbouya. The delegation also included Tim Reid, executive director of UK Export Finance.
The announcement comes after UK Export Finance signed an agreement on 20 October for $2 billion for Guinean projects. It follows the opening on the same day of the United Kingdom-Africa forum in Conakry.
