The Mining Investment Fund (FIM) of Guinea held its 10th board meeting on November 5, 2026. The session examined the activity report as of August 31, 2026, and the draft budget revision following the allocation in the 2026 rectified finance law. The meeting was chaired by Aboubacar Kagbè Touré, who highlighted the efforts made by the general management in mobilizing resources for 2025 and 2026.
According to Aboubacar Kagbè Touré, the FIM's general management demonstrated significant progress in resource mobilization. However, the expenditure disbursement rates were below expectations due to delays in public market procedures. The board acknowledged the challenges and emphasized the need for the general management to collaborate with competent technical services to expedite pending files and initiate programmed projects.
The FIM's performance should not only be measured by its ability to mobilize financial resources but also by its capacity to absorb and transform them into concrete achievements. Aboubacar Kagbè Touré stressed that the board urged the general management to accelerate the processing of pending files to enable the implementation of budgeted projects.
The board meeting took place in a context where the FIM aims to consolidate its resource mobilization performance while accelerating project execution. Aboubacar Kagbè Touré praised the respect for administrative and financial procedures in resource management, highlighting that expenditure control is a significant achievement for the Fund.
Looking ahead, Aboubacar Kagbè Touré emphasized the importance of continued support from relevant ministerial departments, including the Ministry of Technical Supervision, the Ministry of Mines, and the Ministry of Economy and Finance. He expressed confidence that with their collaboration, the FIM's objectives will be achieved.
The 10th board meeting of the FIM comes at a critical time, with the Fund striving to enhance its project implementation. By addressing the challenges and inefficiencies, the FIM aims to improve its overall performance and contribute to Guinea's economic development.
The FIM's efforts to accelerate project implementation and clear pending files are crucial for the country's mining sector growth. The Fund's progress will be closely monitored by stakeholders, including the government and investors, who are eager to see tangible results from the FIM's initiatives.
Key points
- The FIM's 10th board meeting focused on accelerating project implementation and clearing pending files to enhance the Fund's performance.
- The meeting highlighted the need for collaboration between the FIM's general management and competent technical services to address challenges in public market procedures.
- The FIM's performance will be measured by its ability to mobilize resources, absorb them, and transform them into concrete achievements.
