In less than 10 years, an enigmatic Monaco company, Monaco Resources, has established itself in all sectors of the African economy - from mines and agri-business to port logistics and trading. Its rapid but uncharted success has been financed by borrowing on European bond markets.
Since summer 2019, the Guinean government, helped by several international consulting companies, has been trying to get under way an ambitious barge port project in Konta in the south western part of the country, where there is currently only a small unloading quay. The purpose of the port, which is still at the planning stage, is to provide an outlet for production at the Yomboyeli iron ore mine yet to come into operation. In recent months, negotiations have been in progress in different government