Guinea News
News
Military Junta Announces Transition to Civilian Rule by 2026
Guinea’s ruling CNRD junta, led by Colonel Mamady Doumbouya, pledged to hold democratic elections in Q1 2026, following ECOWAS pressure. Opposition parties remain skeptical, citing ongoing arrests of dissidents.
Bauxite Miners Strike Over Unpaid Wages
Thousands of workers at CBG and SMB mines halted operations, demanding 6 months of back pay. The government deployed troops to prevent road blockades in Boké Region.
Business News
Guinea Signs $1.4B Deal with China for Railway Expansion
A new Chinese-built railway will connect Conakry to Kankan, boosting iron ore exports. Critics warn of "debt trap" risks amid Guinea’s $5B debt to Beijing.
Emirates Airlines Launches Direct Conakry-Dubai Flights
Starting July 10, the route will operate 3x weekly, facilitating business and Hajj travel.
Economic News
Inflation Hits 18.7% as Food Prices Soar
The Guinean franc (GNF) depreciated to 12,500/USD on the black market (vs. official rate of 9,200). Rice now costs 40% more than in 2024.
IMF Approves $300M Emergency Loan
The funds will stabilize forex reserves but come with austerity conditions, including fuel subsidy cuts.
Political News
Junta Bans Opposition Coalition "FNDC" Ahead of Elections
The National Front for Democracy was outlawed for "inciting violence," drawing condemnation from the African Union.
France Withdraws Military Advisors
Paris recalled its 50-person training mission after Guinea signed a new defense pact with Russia.
Election News
Voter Registration Begins Amid Low Turnout
Only 12% of eligible voters enrolled in the first week, with rural areas citing lack of registration centers.
Ex-Prime Minister Kassory Fofana Announces Candidacy
The detained former PM will run from prison, where he faces corruption charges supporters call politically motivated.
Employment News
Unemployment Reaches 28% Among Youth
Despite mining sector growth, 80% of jobs remain informal. A new vocational training program funded by the EU will train 5,000 electricians and welders.
Chinese Mines Accused of Worker Exploitation
NGOs report 14-hour shifts for $3/day at Winning Consortium sites. Management denies violations.
Business News
No Formal Exchange – Mining Stocks Traded Overseas
Guinea lacks a Business, but:
Bitcoin Adoption Grows in Conakry
P2P crypto trading surged 400% as citizens hedge against inflation.
Forecast
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Conakry: Heavy rain, 29°C (84°F), 90% humidity
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Kankan: Scorching, 38°C (100°F)
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N’Zérékoré: Thunderstorms, 26°C (79°F)
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Labé: Foggy mornings, 22°C (72°F)
Entertainment News
"Conakry Nights" Music Festival Returns After 5-Year Hiatus
Stars like Mory Kanté Jr. and Sekouba Bambino will perform June 20-22 at Stade du 28 Septembre.
Netflix Films "Diamond Rebellion" in Guinea
A thriller about blood diamonds stars Idris Elba and local actor Fodéba Isto Keira.
Upcoming Events (june 20-30, 2025)
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June 28: Fouta Jazz Festival (Labé)
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June 20: Conakry International Book Fair (Palais du Peuple)
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June 21: Traditional Wrestling Finals (Kindia Arena)
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June 22: National Kora Music Competition (Grand Mosque Courtyard)
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June 24: Russian Culture Day (Newly opened Putin Center)
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June 26: Anti-Corruption Protests (March from Coleah to Parliament)
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June 27: Fula Nomad Festival (Dixinn)
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June 28: Guinea vs. Senegal (World Cup qualifier)
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June 30: Mining Safety Symposium (Sheraton Conakry)
Key Trend: Guinea navigates a fragile political transition while mining wealth fails to trickle down, sparking unrest.
*Currency: 1 USD ≈ 9,200 GNF (official) / 12,500 GNF (black market). Forecast data from ANAC.*
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