BizNis Africa
Latest News
IFC Bond to finance $25 million in Botswana Building Society
IFC, an organisation of the World Bank and a member...
African Equity Empowerment Investments to list AYO Technology on JSE
AYO Technology (AYO), an Information and Communications Technology (ICT)...
Woolworths issues t-shirt product recall in South Africa
Woolworths would like to advise their customers that it...
How to stick to good governance basics
The precarious position that South Africa’s economy finds itself...
Lonmin seals acquisition of Pandora
Lonmin Plc is pleased to announce the completion of...
Africa Finance Corporation and Harith merge to form Anergi Holdings Limited
Africa Finance Corporation (AFC) and Harith General Partners (Harith),...
Agri SA challenges new BBBEE Codes of Good Practice
Agri SA takes notice of the Department of Trade...
Egypt set to drive regional integration across Africa
The Africa 2017 Forum (www.BusinessForAfricaforum.com) wrapped up in the...
PayU Nigeria drives online payments for consumers
Businesses in Nigeria can securely request and receive payments...
Why savvy investors should consider an Exchange Traded Fund
As 2017 rapidly draws to a close, you may...

Fadi Wazni, SMB Winning Chairman

The SMB-Winning consortium, a major player in the bauxite sector, presented Alpha Condé, President of the Republic of Guinea, a project to build an alumina refinery in Guinea as well as a railway to open up the Boffa corridor and to carry bauxite to the refinery and the Dapilon river port.

The total investment planned for the whole project is estimated at $3 billion.

The feasibility and social and environmental impact studies will be carried out as soon as early 2018 for a start of works planned in 2019. The construction phase will create 10,000 jobs and mobilize local companies, among which experts in civil engineering, extraction, construction and services. The refinery will be located in Dapilon, in the Boké Special Economic Zone.

“This investment illustrates our ambitions for the Boké region and our contribution to Guinea’s economic and social development. The mining sector, together with agriculture, is the lung of the country’s development and, in our approach as a mining operator, must also focus on facilitating a local redistribution of the benefits, especially in favor of the communities, education, jobs, and priority sectors such as the agro-industry”, comments Frédéric Bouzigues, Managing Director of Société Minière de Boké (SMB).

“The local processing of raw materials is one of the biggest challenges for a more inclusive growth in Africa because it creates more value locally while leading to economic diversification. This commitment to Guinea also demonstrates our confidence in the continued improvement of both its business environment and macroeconomic stability. This project also demonstrates the technical and financial complementarity of our Franco-Sino-Singaporean consortium to carry out this type of ambitious projects,” said Fadi Wazni, SMB Winning Chairman.

 

Leave a Reply

Ver peliculas online
%d bloggers like this: