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
JPMorgan Chase is finalizing a new benchmark index for local-currency frontier market bonds, with a potential announcement by mid-2026. The index...
External debt repayments by African states are set to exceed $90bn in 2026 Egypt alone accounts for nearly one-third of the amount...
Ifeyinwa Osime succeeds Paul Usoro San, who retired on January 29, 2026 She has served on Access Bank’s board as an independent director since...
A state-owned banking holding is planned for launch in 2026 The structure will centralize and manage public shareholdings in banks The move follows a...
Most Read
01

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
02

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
03

Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...

Nigeria’s central bank upgrades fintech licenses amid rapid digital growth
04

ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...

ECOWAS grants CFA400mln to support refugee assistance in northern Togo
05

Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...

Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
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.