Sylla: Simandou & CTG projects to accelerate Guinea’s development

Guinea's Minister of Mines and Geology, Bouna Sylla, has outlined the strategic importance of the Simandou and CTG projects in accelerating the country's development. In an exclusive interview with CNBC Africa's Kenneth Igbomor, Minister Sylla emphasized that these projects are more than just commercial ventures; they are vital local content initiatives that will connect Guinea's four natural regions and drive social and economic progress. The Simandou 2040 national development roadmap, encompassing energy, mining, and infrastructure sectors, is poised to be a catalyst for Guinea's growth. A key component of this plan is the development of an industrial park to stimulate investments in the agricultural sector, particularly benefiting smallholder farmers. Minister Sylla highlighted the collaborative efforts undertaken to bring together multiple industrial partners, including state-owned companies and mining giants, to ensure the success of these groundbreaking projects. The implementation of a robust local content policy, supported by innovative fiscal measures, underscores the government's commitment to empowering Guineans through job creation, business opportunities, and knowledge transfer. The allocation of a significant portion of state revenue from these projects towards education and human capital development exemplifies Guinea's forward-looking approach to harnessing its natural resources for sustainable growth. The Simandou Academy initiative and the Simandou 2040 plan represent Guinea's dedication to leveraging these projects to drive comprehensive development across various sectors, transforming small opportunities into substantial advancements for the nation. As construction progresses on these projects, Guinea is well-positioned to capitalize on the potential for regional integration and economic prosperity.