Guinean President Alpha Condé left his country for official visits to Germany and then China, before heading to the United States for the UN General Assembly, said official sources on Sunday in Conakry. No evidence had been obtained on the precise dates of each step.
The same source said that in China, Mr. Condé will travel to Shanghai and will be in New York on the eve of the UN meeting. In his visit to China he will discuss “investment opportunities in Guinea,” said the same source.
China is a partner of Guinea since its independence in 1958. Chinese companies are involved in major investments in Guinea with the construction of hydroelectric project in Kaléta worth $ 526 million.
In addition, China has provided several grants to Guinea, including the Nongo Stadium (under construction) with a capacity of 50,000 seats, the palace of the people and the house for the headquarters of Radio Television Guinea (RTG), not to mention the presidential palace, named after the father of the Guinea independence, Ahmed Sekou Toure. Beijing recently pledged to Conakry 100 buses, tippers, motorcycles for urban, interurban and transfer of household waste.
In recent months, China has provided more funding to Guinea, including interest-free loans and grants, as part of the cooperation.
In August, the Chinese public group China Power Investment Corporation announced its intention to invest in the country “in the coming years” more than $ 6 billion for the exploitation of bauxite, of which Guinea is the world’s largest exporter.
Guinea is endowed with considerable natural resources. By some estimates, this West African country alone contains over a quarter of world reserves of bauxite, the multinationals are fighting for its huge mineral reserves.