December 27, 2015 / 8:39 AM / in 3 years

Guinea's Conde names mining executive as new prime minister

CONAKRY (Reuters) - Guinea President Alpha Conde named mining executive Mamady Youla as prime minister on Saturday as part of a strategy to revive the West African nation’s ailing economy, the government announced.

Guinea is a major producer of bauxite, an aluminium ore, but growth has been hamstrung by a slump in metals prices and a two-year Ebola epidemic that killed more than 2,500 people and has driven away some investors.

Conde was re-elected to a second five-year term in a landslide victory in October, pledging to get Guineans back to work.

“The nomination of Mamady Youla, a senior Guinean executive in the private sector and administration, confirms President Alpha Conde’s new push to support job creation and training ... and reinforce Guinean businesses,” a government statement said.

From 2004 until his appointment as prime minister, Youla served as managing director of Guinea Alumina Corporation. GAC, which possesses a bauxite concession in Guinea’s Boke region, is a subsidiary of Emirates Global Aluminium, owned by Abu Dhabi investment fund Mubadala and Investment Corporation of Dubai.

Prime Minister Mohamed Said Fofana and his government resigned on Wednesday, following a tradition in which presidents typically change their cabinets following election.

The government statement said Youla was expected to name new ministers in the coming days.

Reporting by Saliou Samb; Writing by Joe Bavier; Editing by Dan Grebler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below