Public Management

Guinea’s leader calls for unity and collective efforts for national development

Guinea’s leader calls for unity and collective efforts for national development
Tuesday, 03 October 2023 15:07

When addressing the nation on Sunday, October 1, on the eve of his country's independence day, Colonel Mamadi Doumbouya (pictured) took stock of the situation since he came to power and announced his next steps.

“Our country, Guinea, is on the path of reconciliation, development and prosperity. But many things still need to be done. Many challenges remain. And we have to address them all together,” he said.

“We all know the answers to these challenges are quite complex […] when the Defense and Security Forces took up their responsibilities to change what needed to be changed in our country on September 5, 2021, the social fabric was completely down with a virtual absence of the values of living together", he explained. Mamadi Doumbouya reassured the population that the transitional government is taking actions to “implement institutional and political reforms to achieve the objectives of good governance”. He said fighting corruption and promoting transparency are high on his agenda. He also plans to work to reduce the country's dependence on foreign markets and rely more on local products to accelerate economic diversification and create jobs. “Guinea has abundant natural resources that must be exploited for the benefit of all Guineans. We will also boost investment in several sectors.”

However, many observers believe that the country will only be able to attract investors if it truly returns to political stability. Since the coup that toppled the former president-elect, Alpha Condé, in September 2021, Guinea’s political climate has remained tense, with the government on one side and civil society and the opposition on the other.

In his address to the nation, President Doumbouya did not comment on the electoral dates initially scheduled for 2024. The return to civilian rule as soon as possible is eagerly awaited by the entire political class, as well as by the Economic Community of West African States (ECOWAS). The latter suspended Guinea from its membership as soon as the putsch took place.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
EU, EBRD launch €26.5 million financing facility in Côte d’Ivoire Program targets SMEs with loans, co-financing and technical support Initiative...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, interoperable real-time payments All financial...
Okoumé Capital licensed as fund manager by regional regulator Approval enables expansion across Central African financial markets Firm aims to boost...
GIMAC, Visa sign deal to modernize CEMAC payments ecosystem Partnership targets digital payments, interoperability and financial inclusion Move...
Most Read
01

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
02

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
03

West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...

BOAD Targets $11.5 Billion Investment in WAEMU by 2030 Under New ‘Djoliba’ Plan
04

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.