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Fonds Souverain de Guinee (proposed)

Fonds Souverain de la Republique de Guinee · Guinea · Africa · Proposed or pipeline fund · Not an IFSWF member

ProposedReport a correction
Focus

proposed: what it invests in

Mining and metalsAgriculture and food securityInfrastructure and utilities
Strategic state holdingsPublic equitiesFixed income

Geography Domestic and global

Scale

proposed: how big it is, and on what basis

Not yet capitalised
Announced target, not current assetsAs of
Transparency

proposed: what it publishes

1.5 of 10 Band 1 of 5

Published 0 · Partly 3 · Not published 7

Our 10 item score. It measures what is public, not how well a fund is run.

StatusS1
Proposed
As of
Projected endowmentsS1
USD 4B (2029 to 2035)
As of
CompartmentsS1
3
As of
Simandou 2040 planS1
Over USD 200B (Projected investment to 2040)
As of

At a glance. Guinea is designing a sovereign fund to turn mining revenue, notably from the Simandou iron ore programme, into long-term investment. The plan is a state-owned company with three compartments for development, stabilisation and savings. It is not yet created or capitalised; projections show USD 4 billion of endowments between 2029 and 2035. S1

Key points

  • Design stage only; no law, capital or board yet. S1 S3
  • Three planned compartments: development, stabilisation and intergenerational savings. S1
  • Projected endowments of USD 4 billion from 2029 to 2035. S1
  • An earlier plan targeted a launch in the second quarter of 2026 with USD 1 billion. S4
  • One financing tool for Simandou 2040, with over USD 200 billion of planned investment. S1
  • Deals above 5 percent of the balance sheet would need board approval. S1

Interesting facts

  • Simandou 2040 covers 122 mega-projects and 36 reforms. S1
  • The government plans to align the fund with the Santiago Principles. S1
  • The design work began with a May 2025 seminar with advisers SouthBridge. S5

Mandate and goals

Channel mining revenue into long-term investment, shield the budget from commodity swings and save for future generations. S1 S5

  • Invest in mining processing, agro-industry and productive infrastructure. S1
  • Stabilise revenue against commodity prices. S1
  • Save in diversified assets, including abroad. S1
  • Spending rule: Not yet set S1

How it invests

IndustriesMining and metals, Agriculture and food security, Infrastructure and utilities S1
Asset classesStrategic state holdings, Public equities, Fixed income S1
StagesInfrastructure, Public markets S1
GeographyDomestic and global. Development compartment at home; savings compartment can invest abroad S1
Direct / through funds / co-investYes / No / Yes S1
Ticket sizeNo ticket size yet. S1
External managersNot yet decided S1
Co-investment programmeCo-investment with private actors envisaged S1

Published criteria

  • Board approval for deals above 5 percent of the balance sheet. S1

Past investments

The fund has not published a list of investments.

Investment process

Proposed: a board approves larger deals within a state-owned company structure. S1

  1. Eligibility check on each project. S1
  2. Operational, financial and legal risk review. S1
  3. Return and impact review. S1
  4. Structuring, approval and monitoring. S1

How to approach: No contact route until the fund is set up. S1

Size and returns

  • Headline size: Not yet capitalised (Announced target, not current assets, as of 2026-09-11) S1
  • Projected endowments 2029 to 2035: USD 4B (Announced target, not current assets, as of 2026-09-11) S1
  • Returns: the fund does not publish a return figure.

Leadership

NameTitle
Amadou Oury BahPrime Minister S1
Mariama Cire SyllaMinister of Economy, Finance and Budget S1
Mamadou Saliou DialloDirector, Strategy and Development Office, Ministry of Economy S3

Governance and transparency

  • Legal basis: No founding law yet; the Simandou 2040 plan laws refer to a sovereign fund S6
  • Oversight: Ministry of Economy, Finance and Budget during design S1
  • Planned alignment with the Santiago Principles. S1

Transparency score: 1.5 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

  • Partly published: geographic or sector split, governance and mandate documents, named leadership. S1
  • Not published: total assets, annual return, long-term returns, asset allocation, holdings or deal list, audited financial statements, regular reporting schedule. S1

History

DateEvent
2025-05-07Design seminar under Simandou 2040. S5
2025-11-12Plan for a Q2 2026 launch with USD 1B reported. S4
2026-03-05Simandou 2040 plan and programme laws adopted. S6
2026-09-09Feedback workshop on the fund design. S1

For family offices

Not yet investing. Once set up, its development compartment may seek private partners in mining processing, agriculture and infrastructure. S1

Common questions

Does the fund exist yet?

No. It is at the design stage and not yet legally created. S1 S3

How will it be funded?

From mining revenue tied to Simandou 2040. S1 S5

How big could it be?

Projections show USD 4 billion of endowments between 2029 and 2035. S1

All sovereign wealth funds in Africa · All proposed or pipeline funds · All funds in Guinea

Sources

  1. S1Guineenews, sovereign fund feedback workshop
  2. S2IFSWF, members list
  3. S3Ecofinance Guinee, contours of the future fund
  4. S4Reuters, Guinea aims to launch Simandou-backed wealth fund
  5. S5Ministry of Planning and International Cooperation, Simandou 2040 sovereign fund seminar
  6. S6Presidency of Guinea, CNT adopts Simandou 2040 plan and programme laws

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