• Guinea council adopts laws guiding “Simandou 2040” development strategy
• Plan includes 122 projects, $200 billion investment over 15 years
• Mining-led growth expected, but poverty remains about 52%

Guinea’s National Transition Council (CNT) on Thursday adopted two laws to regulate the “Simandou 2040” sustainable socio-economic development program.

The council passed a 2026-2040 Planning Law and a 2026-2030 Programming Law. According to a statement from the presidency, the measures establish a new strategic framework for government policy. They aim to ensure the sustainable management of natural resources and drive structural transformation of the national economy, replacing the 2022-2025 Interim Reference Program (PRI).

Djiba Diakité, minister and chief of staff to the presidency and chairman of the Simandou strategic committee, said the adoption of the laws marks “a decisive step in the country’s economic and social transformation.” He called on development partners and investors to support the implementation of the long-term strategy.

The Simandou 2040 development program outlines a 15-year roadmap aimed at turning Guinea’s natural resources into a driver of economic diversification and prosperity. The plan includes 122 megaprojects and 36 reforms, with total investment estimated at more than $200 billion, including the integrated Simandou mine-and-infrastructure megaproject.

According to the World Bank, Guinea’s economic growth is expected to reach 6.5% in 2025, before averaging around 10% between 2026 and 2027, driven largely by the expansion of the mining sector. The bank noted, however, that the growth has not yet significantly reduced poverty, which remains around 52%, due to limited job creation in non-mining sectors.

Charlène N’dimon