Infrastructure investment: a snap shot
Since 2015, we’ve worked with one of the world’s largest infrastructure contractors to develop an outline master plan for our capital city, Conakry. In particular, we’ve had to consider the extension of the city’s port and how it will drive other projects.
Not only will the port improvement impact Conakry’s growth but the benefits will also be felt in Lambanyi, Kipe and Maferenyah, with plans for an expressway connecting them with the port. Further proposals include improving Conakry’s water system, a new international airport, housing and commercial development in Lambanyi and a metro system. We’re also examining what needs to be done to improve the ports at Benty and Konta.
Supporting small-scale mining operations
Guinea is a country rich in natural minerals such as iron ore and bauxite – and is among those countries with Africa’s largest gold reserves.
We help artisan miners to share in their country’s wealth by leasing them specialised equipment to extract this precious metal. Between 2012 and 2016, they quadrupled their export from four to 16 tonnes.
Our relationship with the Ministry of Mines and Geology and the Union of Artisan Miners means we work in partnership so they are able to carry out a safe, efficient viable operation. Jaw crushers, shaking tables and Chilean mills are just some of the exotically-named tools needed for 21st century mining practice.
We’re behind a pilot which links together all the mechanised components required for efficient gold extraction and separation in both primary and secondary deposits. Our project in Siguiri demonstrates what can be achieved.
Based on present production, we forecast that up to 400 of these integrated engineering systems will be needed in the artisan sector.
Power to connect the country
An expanding mining sector and increased domestic demand means Guinea has to generate more power. The latest estimate is 2,000 mega-watts of new capacity over the next 15 years.
We signed a memorandum of understanding with the Ministry of Energy and Hydraulic Power to work on 137 solar sites in Guinea, in partnership with a leading solar power manufacturer.
We have also signed memoranda of understanding for hydro-electric projects on the Niger, Dion, Diani and Mekone rivers.
A key part of the energy initiative is building the distribution network, namely, pylons and transmission lines to connect priority regions – and Guinea to Mali.
In particular, lines between Kissidougou, Faranah and Dabola; N’Zerekore, Macenta, Guekedou and Kissidougou and Faranah to Mamou.
Eight out of ten people have no access to electricity because the rural areas where they live are off the grid. Through solar and hydro-power, Guinea has the potential to contribute significantly to the region’s power needs and we are at the centre of this effort to connect the country.
Welcome to Guinea - tourism investment
We have signed a memorandum of understanding with the Ministry of Tourism to help boost Guinea’s image and attractiveness to visitors with our connection to one of the country’s most iconic hotels.
In the first ten years of the new millennium, Europeans visiting Guinea rose seven-fold while the number of business travellers tripled.
We have seen this trend continue to increase and are holding talks with investors to modernise and manage one of the country’s best known hotels, the Grand Hotel de L’Independence in Conakry.
First opened in 1954 as the Hotel de France, it was given its current name when Guinea was made independent four years later. Last renovated in 1996, it has 185 rooms, 10 junior suites and 22 apartments,together with a swimming pool and tennis courts.