FATF-affiliated action group holds out hope for more World Bank aid
The World Bank's $4m aid package used to run GABAC, an anti-money laundering action group in Central Africa, will expire this year.
Equipped with a brand new digital platform for processing foreign trade operations, the Guinean state intends to finally implement a rule that has been in place for several years requiring revenue from exports, especially gold, to be repatriated.
The French president has been trying to get China on board his summit of African economies for months but Beijing has yet to RSVP his invitation. US Secretary of State Antony Blinken should represent Joe Biden at the 18 May event, to which several African heads of state have been hastily invited at the last minute.
As Cécé Noramou, technical advisor to Guinea's ministry of mines, awaits his imminent retirement, he is finalising a project to decide upon the best approach for relocating, resettling, and compensating people affected by mining projects.
The Guinea government has decided to review all existing mining contracts in the country to detect - and flush out - any tax exemption inconsistences. Its previous review cost Beny Steinmetz's company its rights to the Simandou iron ore mine.
Guinea, which re-established diplomatic relations with Israel in 2016, has been concerned to see the DRC, Senegal and other countries competing for the favours of the Jewish state in recent years. It plans to take steps to ensure that it stays in the good books of the authorities in Tel Aviv.