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
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
This week in African health news: Global measles cases have dropped nearly 80 percent since 2000, bu...
Maersk will resume transit through the Suez Canal from December 2025 after a two-year diversion. ...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims to cut costly foreign maintenance reliance for Nigerian...
ONCF targets 60% rail-incident reduction by 2030 via proactive safety overhaul Plan expands surveillance, AI tools, drones, and smart fiber intrusion...
This week across Africa, health warnings are mounting due to several intersecting factors. We are seeing a sharp rise in malaria cases continent-wide,...
Morocco launches Aerobus shuttle linking Casablanca and Mohammed V Airport Service supports Airports 2030 strategy ahead of Africa Cup of Nations ...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...