Guinea plans to launch its first sovereign wealth fund by the second quarter of 2026 with an initial $1 billion, its planning minister said, as the West African nation moves to leverage a flood of revenues from its giant Simandou iron ore mine.
The fund will channel resource income, including from the Simandou project launched this week, into long-term investments that will finance education, infrastructure, agriculture and industry, cushioning the economy against commodity price shocks.
