[FILES] Guinea junta leader Mamadi Doumbouya is sworn in as interim president in Conakry, Guinea October 1, 2021. Photo/REUTERS/Souleymane Camara
Doumbouya has given the companies until the end of May to submit proposals and a timetable for the construction of bauxite refineries, according to a video posted on the presidency’s Facebook page. Experts cite insufficient investment in the development of the local economy, a lack of essential infrastructures such as roads, endemic corruption, and loopholes in existing laws.“Despite the mining boom in the bauxite sector, we have to admit that the expected revenues are below expectations, we can no longer continue this fool’s game which perpetuates a great inequality in our relations,” Doumbouya told the industrialists.
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