Upon taking office in September 2021, President Mamadi Doumbouya set several priorities, including getting Guineans to be more involved in the exploitation of the country’s mineral resources. For that purpose, a draft law has been prepared and submitted to the transitional parliament.
Late Thursday, September 22, 2022, the Guinean transitional council passed two bills, including one concerning local contents. The bills on local contents were submitted to the parliament some weeks ago. It aims to promote skill transfer and get Guineans more involved in the national economy, in the mining sector particularly.
In the first few weeks after taking office last September, Colonel Mamadi Doumbouya, now President of the Transition, made the "local content" a key issue in his discussions with actors in the Guinean mining industry.
The transitional president requires mining companies to exclusively entrust land transport contracts to nationals, except in cases of force Majeure. He also asked mining investors to prioritize local skills, at least for administrative positions.
The Guinean mining sector already has a regulatory framework overseeing the “local content” part. The framework includes financing projects and infrastructure to profit local communities, training and capacity building for Guineans, and the use of local suppliers.
Despite that framework, residents usually point to the mining sector’s failure to improve living conditions. According to local media outlets, the new bill passed aims to correct some shortcomings noted in the application of provisions of the previous framework.
Guinea is the world's second-largest producer of bauxite, a mineral used in the production of aluminum. It is also a major gold producer in the West African region and has significant diamond and iron ore reserves.
Emiliano Tossou
• AU launches campaign to replace distorted Mercator map projection• Equal Earth map promoted to sho...
• Shell to drill 5 new exploration wells in Namibia’s PEL 39 block in 2026.• Campaign aims to better...
• Cameroon financier Alain Nkontchou to buy Nedbank 21.22 percent stake in Ecobank for 100 million U...
Late-July drought in Côte d’Ivoire and Ghana lifts cocoa futures despite weak global grindings dat...
• President Ruto projected 5.6% growth for 2025, higher than the Finance Ministry’s 5.3% and Central...
ISACA and INGRYD Academy launch program to train 10,000 Nigerians in tech by 2030 Each year 2,000 students will get training, ISACA certifications,...
Botswana signs $12 billion investment agreement with Qatar’s Al Mansour Holdings Deal spans infrastructure, energy, mining, agriculture, tourism,...
Government sets 2025/26 wheat output target at 6,000 tonnes, more than double last year’s harvest. Production area rose tenfold in 2024/25 to 1,342...
ZESCO and Anzana inked a US$300 million deal to power 2 million Zambians along the Lobito Corridor. A US$50 million pilot launches 2026,...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...