Simandou Mining Summit brings together 41 countries without public funds
By the AFREEQUE newsroom, based on Visionguinee
The Simandou Mining Summit, held in Conakry, brought together participants from 41 countries, including more than 60 CEOs and multinational executives. The first of its kind, the event received no public funding, with attendees paying to take part, according to Guinea Development Board director-general Namory Camara.
The Simandou Mining Summit, a summit focused on private investment in Guinea, brought together participants from 41 countries without any public funding. According to Namory Camara, director-general of the Guinea Development Board (GDB), the participants alone financed the event, whose third day was held on Friday 13 November in Conakry.
Namory Camara said more than 60 CEOs and multinational executives attended, with their combined turnover 15 times higher than Guinea’s GDP. For him, this success shows that investors have confidence in the country’s stability and trajectory. The GDB is already considering holding a summit every two years, subject to the approval of the head of state.
Over the three days, the ‘Deal Rooms’ brought Guinean public authorities and foreign investors together around major projects potentially eligible for bank financing, developed with the support of ACGP and the Delivery Unit. Initiatives that particularly interested participants included the bus rapid transit (BRT) network and the regional railway link (HRT) for Greater Conakry.
