- UEMOA: Sharp increase in cashew nut prices in July 2025
- Tunisia: 45% Increase in STAR Company’s Profit in the First Half of 2025
- Guinea’s mining sector: a risky bet for foreign investors?
- Afriland First Group denies rumors surrounding Afriland First Bank CD
- Investing in the Stock Exchange in Abidjan, Casablanca, or Nairobi? Response from a small investor
- Nigeria: Government reserves road projects under 13 million USD for local companies
- Old Mutual suffers a loss of USD 119 million in Zimbabwe
- Mali: “Sovereigntist” Goïta creates a national reinsurance company
Author: Mamadou Aliou Diallo
Mamadou Aliou Diallo is a journalist, blogger, web activist, and civil society actor affiliated with a non-governmental organization. He holds a bachelor’s degree in Mineral Processing and Metallurgy Engineering from the Institut Supérieur des Mines et Géologie de Boké (ISMGB) and received training in communication and journalism at JMJ-Communication. He serves as the administrator of Guinée Économie and contributes regularly to Guineeconakry.info (GCI), an award-winning Guinean news website recognized multiple times as the country’s best and frequently cited by international media outlets.
Burkina Faso has decided, on Thursday, September 11, 2025, to make visas free for all African nationals. This strong decision is in line with the pan-African vision of the Transition President, Ibrahim Traoré, according to the Burkinabe government. This is a removal of visa fees, not the requirement to obtain a visa. Burkina Faso is...
The grand inauguration, on Tuesday, September 9, 2025, of the Grand Ethiopian Renaissance Dam (GERD) by Addis Ababa sounds like a national success. But behind this highly strategic project lies a real risk of regional instability in the years to come: the non-consensual management of the Nile. The disagreement surrounding the GERD is rooted in...
Ethiopian authorities are planning to inaugurate, on Tuesday, September 9, the Grand Ethiopian Renaissance Dam (GERD), built on the Blue Nile, presented as the largest in Africa. The project, whose foundation stone was laid since April 2011, has been the subject of strong criticism from neighboring Egypt and Sudan. The GERD, whose images are plentiful...
First long-haul daily route to Paris from October 1, 2025 Abidjan, Thursday, September 4, 2025 – Air Côte d’Ivoire received its first Airbus A330-900neo at Félix-Houphouët-Boigny airport, the first wide-body aircraft in its fleet. The aircraft is configured in four classes: 4 seats in First Class, 44 in Business Class, 21 in Premium Economy, and...
Things are moving quickly for the American company KoBold Metals in the Democratic Republic of Congo. Financed by, among others, Bill Gates and Jeff Bezos, to develop the lithium deposit in Manono, KoBold Metals announced on August 27, 2025, that it had been granted seven lithium exploration permits. Despite the efforts and investments made by...
The Ahmed Sékou Touré International Airport (AIAST) in Conakry recorded an increase in passenger traffic during the first half of 2025. According to figures published this weekend by SOGEAG, the manager of Guinea’s airports, the number of passengers reached 446,335, compared to 371,378 during the same period in 2024, representing an increase of more than...
The commercial operations of the new airline Domestic Airlines, a subsidiary of Air Algérie, will officially launch on Monday, August 25, 2025. Its first flight will connect, according to the company, Algiers to Tamanrasset aboard a Boeing 737-800. Domestic Airlines will initially take over the fleet of the former Tassili Airlines, consisting of 15 aircraft...
The Algerian state-owned oil and gas company Sonatrach inaugurated, on August 20, 2025, the Aïn Tsila gas complex located in the northwest of the Illizi province, equipped with two processing trains with a capacity of 12 million cubic meters/day of gas, 1,800 tons/day of condensate, and 1,600 tons/day of LPG. The infrastructure also includes a...
The 9th Tokyo International Conference on African Development (TICAD) is coming to an end this Friday, August 22, 2025 in Yokohama, bringing together approximately 5,000 participants. Tokyo’s main objective is to increase investments from its companies in the African continent. In this context, Japan plans to mobilize $1.5 billion to support Africa. This fund aims...
Air Algérie announced on Friday, July 4, 2025 that it has placed an order for 16 new ATR 72-600 aircraft and an ATR 72-600 flight simulator, the first of its kind in Africa, with manufacturer ATR. This is a record order, as it is the largest order ever placed by ATR with an African operator. The last deliveries of ATR aircraft to Air Algérie were in 2008 and 2014. The deliveries of the new aircraft are scheduled between 2026 and 2028. These ATR 72-600 aircraft, equipped with PW127XT engines, will have 72 seats and will be operated by a new…
Around 9.8% in 2018 before registering a slight decrease in 2019 to 9.5% and then rising again in 2020 to 10.4%, headline inflation recorded an increase of +1 , 6 and currently stands at 12% (2021). The latter trend is one of the main preliminary findings of a virtual staff assessment mission to the International Monetary Fund (IMF) that took place from April 14 to 28, 2021. A situation which is explained, according to the services of the fund, by the increase in recent months in food prices and freight costs, associated with the disruption of supply circuits linked to…
Everything seemed to be prepared in advance. Following the announcement of the creation of the UEFA Champions League breakaway European Super League, US bank JP Morgan has officially announced that it is on the move to finance the operation. Its investment will be between 4 and 6 million euros. JP Morgan, which is banking on an explosion in marketing revenues, ticketing and TV rights, among others, for the return on investment will have to pay 350 million euros that it had promised to each of the 12 dissident European clubs at the base of the creation of the Super League.…
The microfinance sector in Guinea is highly concentrated with 25 microfinance institutions (MFIs), 22 of which are active and significant disparities in terms of market targeting. According to World Bank forecasts, competition is expected to increase in the coming years with the entry into service of new players. Four MFIs outrageously dominate the microfinance sector in Guinea (CRG, Yete Mali, Finadev and Cofina). In 2016, they alone represented 96% of outstanding savings and 87% (84% in 2017) of outstanding loans. The market shares of Crédit rural de Guinée (CRG), which dominates the podium, represented during the same year between 85…
A few days before his departure from the White House and the inauguration of Joe Biden, Donald Trump continues his war of attrition. Its threat of “shutdown” which hung over Washington in recent days has finally been lifted. After much negotiation, the outgoing president signed in extremis on the evening of Sunday, the famous economic stimulus plan of 900 billion dollars voted by the congress and thus preserving the allocations to 14 million Americans to thatching. Donald Trump took the risk of causing a shutdown of public services in the US administration as was the case in 2018, blocking the…
For a world first, the enthusiastic British authorities hope that the vaccination campaign which has started heralds the “beginning of the end”. The day is even described by some officials as “V-Day” alluding to the end of World War II. This December 8 at Coventry University Hospital, Margaret Keenan, soon to be 91, is the first patient in the United Kingdom to benefit from the promising vaccine developed by the American firm Pfizer and the German start-up BioNTech. The British authorities after approving the recommendations of the independent regulatory agency for medicines and health products (MHRA) which ensures that the…
By Mamadou Aliou Diallo, Conakry. Faced with the determination of the National Forum for the Defense of the Constitution (FNDC), the Alpha Condé regime now seems to privilege “diplomacy”. Having finally authorized the NDFC march of this Thursday, October 24, 2019, the power has offered a life-size survey. The street opposes any constitutional change, with or without a third term. This is the message chanted by thousands of Guineans who swept through the streets throughout the country. The monster demonstration is added to the one organized the day before and which saw women protesting the killings. The motto remains unchanged:…
Turkey does not just want to have one of the best airlines in the world, Turkish Airlines, Turkish President Recep Tayyip Erdogan inaugurated this Monday, October 29, 2018 in Istanbul, one of the largest airports in the world. world. Aware of its geostrategic position for Civil Aviation, the Turkish authorities want to make Istanbul a hub for long-haul correspondence between the old continent, Asia and Africa. Istanbul Yeni Havalimani is the name of this architectural gem with a capacity of 90 million passengers per year, far from the 103.9 million passengers at the Atlanta airport in the United States. It…
Things seem to be accelerating for the Chalco Guinea Company, a subsidiary of the Chinalco Group. Six months after the signing of its 15-year mining agreement with Guinea, the Chinese company officially started on Sunday (October 28th) its integrated bauxite-alumina project in Boffa, in the north-west corridor of the country. This operating agreement is part of the agreement “mining resources against financial loans” between Guinea and China. This highly strategic fire baptism for the Middle Kingdom took place in the presence of the Guinean Prime Minister Kassory Fofana, and Du Xiaowen, the number one of the Chinalco group to whom…
This decision made public Wednesday, October 10, 2018 by the regulatory authority of posts and telecommunications (ARPT) has the effect of a bomb for employees and all stakeholders in the value chain that revolved around the fourth country phone company. Arriving in Guinea in 1993, before Areeba (now MTN Guinea), Orange Guinea and Cellcom under the name TELECEL Guinea, before being renamed Intercell Guinea, this company after more than four decades of activity has never known impose on its competitors because of the low level of investment and the lack of rigorous and ambitious leadership. It had only 1% market…
The increase in the price of fuel at the pump last July is eroding the purchasing power of workers in the banking and microfinance sector. This was hinted by the leader of the autonomous union federation of banks and microfinance of Guinea (FESABAG) who, after a general meeting on Tuesday, October 9, 2018, has tabled...
The establishment of the first solar plant in Côte d’Ivoire will cost 40 million euros, according to an announcement made Wednesday, October 3 in Abidjan, when signing a partnership agreement concluded for this purpose. This financing will be provided by Germany with the contribution of KfW bank and the European Union, will increase, according to forecasts, the share of renewable energy in the energy mix to 11% of by 2020, thanks to the construction of the Boundiali solar power plant in the north of the country. With a capacity of 37.5 MW (megawatts), this plant will significantly increase the share…
The group Onomo Hotels proceeded, Thursday, October 4, at the official opening of its first three-star hotel complex in Conakry, the Guinean capital. The infrastructure includes 123 rooms, apartments, meeting rooms, a business corner, an infinity pool and an exotic garden. It will have required, in total, an investment of 23 million euros. President Alpha Conde in person inaugurated the establishment, together with the Managing Director of the Onomo Hotels group, Patrick Grossetete. The latter promised the Guinean head of state to prioritize and promote the local workforce within the institution, but also the group. It should be noted, moreover,…
At the end of its mission in Guinea, the IMF expresses its satisfaction with the good performance of the aggregates and growth prospects. A downside however, the multilateral institution sends two different bell sounds. First story, the increase in growth prospects from 6.7% to 10% for the year 2017. Secondly, the net slowdown for 2018...
Planned since July 2018, G’I Cement, the cement subsidiary of the Guinean G’I industry, announced this Saturday, September 29, 2018, the official start of operations to increase its annual production from 700 thousand to one million 400 thousand tons a year, six months after the start of works to expand its production capacity. While Guinean demand is one million seven hundred thousand tons (1,700,000 t), the production capacity of the four factories in the country is two million tonnes (2,000,000 t), which leaves a margin very low security against the shortage. So, the challenge for Guinean cement companies is real:…
Yahsat, a UAE-based internet access operator, announced on Tuesday that Abdjan has officially launched YahClick, its Ka-band broadband internet service, which, according to the operator, aims to improve Internet penetration in the country. , which remains extremely weak. To materialize its implementation in Ivory Coast, Yahsat, which claims the rank of the leading satellite broadband internet provider in Africa, thanks to High Throughput Satellite (HTS) satellite beam technology, intends to collaborate with CEE-NET Technologies, Ivorian supplier. Internet services and connectivity as part of a strategic partnership.
The announcement was made this week by Soukeyna Kane, the director of World Bank operations for Guinea. This financial windfall will be affected inter alia, the development of agribusiness, digital, job creation for youth and improvement of basic services and fight against underemployment of young people. The Bretton Woods financial institution has announced through its director of operations for Guinea that the new five-year partnership framework will place special emphasis on private sector promotion and economic and financial resilience.
On the sidelines of the Forum on China-Africa Cooperation, which opened on Monday, September 3, 2018 in Beijing, under the presidency of Xi JinPing, Guinean President Alpha Condé took the opportunity to sign several agreements with his Chinese counterpart. . These agreements concern a memorandum on cooperation under the Silk Road Economic Belt Initiative; a memorandum of understanding to support food security with assistance of US $ 6 million and an economic and technical cooperation agreement for the supply of potable water to the city of Conakry. Guinea also signed two days earlier, another “Strategic Cooperation Partnership” agreement with the…
With an annual production capacity of 6,000 tons of explosive emulsions, 10,000 Anfos and 3,000,000 pieces of detonators, the factory built by the Chinese group Norinco via its subsidiary Auxin Mining Service (AMS) and inaugurated this Thursday, August 23 by Mohamed Diané, Guinean Defense Minister, aims to mitigate the import of explosives for mining and infrastructural construction, or even military. Located in Boké, a northwestern mining corridor where about 14 companies and mining companies operate, 5 of which are in operation, this plant will create 200 direct and indirect jobs, according to Deputy Director General of the NORINCO Group, Zou…
The amended draft budget bill presented on August 14, 2018 to the National Assembly of Guinea by Ismael Dioubaté, the Minister of the Budget, provides for major adjustments compared to the initial forecasts for the current year. Thus, the originally planned revenues of 18 thousand 537 billion 1 million fall to 16 thousand 434 billion 26 million Guinean francs. That is a decrease of 11.34%, which represents -2% of GDP. As a percentage of GDP, revenues fall from 18.62% to 15.42%. Expenditure in% of GDP is reduced from 20.9% to 17.75%. Revised expenditure projections are also reduced from 20 thousand…
Despite the veil surrounding the signing of important trade agreements between South Africa and China, we know more about the details of some upcoming Chinese investments in the country that are estimated at $ 14.7 billion, as announced a week earlier the South African President, Cyril Ramaphosa. The future metallurgical complex, whose construction will be financed with $ 10 billion by Chinese investors will be installed in a Special Economic Zone (SEZ) located in the province of Limpopo, in the far north-east of the country. The information disclosed by Reuters is confirmed by the same agency, by a source close…
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Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
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