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COVID-19: The Economic and Social Impact on Ocean Islands

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Covid-19 world

By Kester Kenn Klomegah

Understandingly, it has become important to analyze the spread of coronavirus and its impact on the economy of small islands especially Cape Verde, Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros. These islands, which are favorite tourist posts and foreign investors, have also closely diverse geopolitical relationship with the world.

 It comes into spectacular focus for this research study, although in general, the islands seem to have the lowest cases of the pandemic, and efforts taken in preparedness against the disease, and the possible effects on their economies and sociocultural lives of the population. Part of the research and monitoring is presented here in three headings as follows: (i) The Islands and Coronavirus: An Overview, (ii) Economic Impact of Coronavirus on these Islands and (iii) Current Scenarios and Lessons for the Future.

The Islands and Coronavirus: An Overview

The coronavirus disease appeared first in 2019 in Wuhan city in China. The disease was, first identified in Wuhan and Hubei, both in China early December 2019. The original cause still unknown but its symptoms include high body temperature with persistent dry cough and acute respiratory syndrome. Some medical researchers say it is a pneumonia-related disease.

Late December 2019, Chinese officials notified the World Health Organization (WHO) about the outbreak of the disease in the city of Wuhan in China. Since then, cases of the novel coronavirus – named COVID-19 by the WHO – have spread around the world. WHO declared the outbreak to be an international health concern only on 30 January, and then recognized it as a “pandemic” on 11 March 2020.

The basic transmission mechanisms of the coronavirus are the same worldwide. But the speed and pattern of spread definitely varies from country to country, urban to rural and place to place. It depends on cultural practices, traditional customs and social lifestyles. A densely populated township can have a different trajectory to a middle-class suburb or a village. The epidemic can spread differently and among nomadic peoples.

There have been claims that this coronavirus may not likely survive in hot countries due to the tropical climate in these regions, yet cases of this virus are already confirmed in these tropical countries. There are officially confirmed coronavirus cases on the islands of Cape Verde, Mauritius, Maldives and Seychelles.

On the Cape Verde, about 300 miles (483 kilometers) off the west coast of Senegal, consists of 10 islands and five islets, all but three of which are mountainous. The island has a total of 55 reported cases among its half a million population, according to the Cape Verde’s Public Health National Institute.

Mauritius is a very small island far away from China – and yet greatly affected by the coronavirus. Mauritius is a country reliant on tourism. The sector accounts for roughly a quarter of the Gross Domestic Product (GDP). Since the first three case investigated and confirmed on 18 March, Mauritius now has 324, including 65 recoveries and 9 death, according to the Health Ministry.

On 15 April 2020, no new cases were reported, three patients who recovered from the coronavirus agreed to donate their blood through Plasmapheresis, according to the official coronavirus website of the Health Ministry.

Maldives, officially referred to as the Republic of Maldives, is a small island in South Asia, located in the Arabian Sea of the Indian Ocean. Its population, one of the most geographically dispersed, is nearly 400,000 and the island attracts many foreign tourists throughout the year.

The disease got to Maldives on 7 March 2020 from an Italian tourist who had returned to Italy after spending holidays in Kuredu Resort & Spa. Thereafter, the Health Protection Agency of the Maldives confirmed two more cases in the Maldives, both employees of the resort. Following this, the hotel was closed down, several tourists stranded on the island.

On 27 March, the government announced the first confirmed case of a Maldivian citizen with COVID-19, a passenger who had returned from the United Kingdom. And that brought the total number of confirmed cases in the country to 16; there are other 15 foreign citizens. Thus, in April the figured climbed to 28 cases.

Seychelles, located in the Indian Ocean, reported its first two cases on 14 March. The two cases were people who were in contact with someone in Italy who tested positive. On 15 March, a third case arriving from The Netherlands was confirmed, and the next day, there were four confirmed cases, visitors from The Netherlands. As at 20 April, there are only 11 confirmed cases and two patients quickly recovered and have been released.

Vanuatu is a Pacific island country located in the South Pacific Ocean. It is east of northern Australia, nearer to New Guinea, Solomon and Fiji islands. Vanuatu has a population of approximately 250,000. All these islands’ mainstays of the economy are agriculture and tourism. They attract tourists throughout the year. As of 3 April 2020, it has no coronavirus but still vulnerable, if strict measures are not adopted. It, however, continues its surveillance.

There are five public hospitals, and one private hospital with 27 health centers located across the islands and more than 200 aid posts in more remote areas. The two major referral hospitals are located in Port Vila and Luganville in the country.

The Union of Comoros, an island nation to the east is Mozambique and northwest is Madagascar in the Indian Ocean, gained independence from France on 6 July 1975. In mid-2017, Comoros joined the Southern African Development Community (SADC) with 15 other regional member states. The Comoros share mostly African-Arab origins. It economic activities are the same as other ocean islands.

On 17 April, Chief Epidemiologist, Dr. Izzy Gerstenbluth, indicated that 269 people have been tested so far, 106 men and 163 women. The number of confirmed cases is still at 14 as the official counted figure. One has died, one is still in the hospital, 10 are safe and three are active. 18 are being actively monitored and 12 are still in quarantine because they returned to the island after the measures were announced

The Medical & Health Affairs Department (G & Gz) of the Ministry of Health, Environment and Nature (GMN) keeps a close eye on how the new coronavirus spreads and behaves worldwide. The G & Gz team is in direct contact with Curaçao Airport Partners (CAP), Curaçao Tourist Board (CTB), Curaçao Hospitality and Tourism Association (CHATA), the Analytical Diagnostic Center (ADC), Curaçao Medical Center (CMC) and Department of Immigration.

Here are the aforementioned coronavirus figures: Cape Verde (55), Mauritius (324), Maldives (28), Seychelles (11), Vanuatu (0) and the Union of Comoros (14), it would be erroneous to attribute tourism as the key reason for comparatively high numbers of cases in Mauritius. Of course, more Chinese are attracted there so as South Africans. There is propensity that the figures may not rise as the island governments have also taken strict control measures.

Economic Impact of Coronavirus on these Islands

The already weak capacity of health care system on these four islands – Cape Verde, Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros – is likely to exacerbate the pandemic and its impact on their economies. These islands’ coronavirus disease burden is not so different from each other. But in each case, the key factor is the economic models and what these mean for this circumstance.

As an example, Maldives took an admirable step in the health sector. The Maldivian government turned the resort island of Villivaru in the Kaafu Atoll into a quarantine facility, described as “the world’s first coronavirus resort”, where patients would enjoy a luxurious stay and free medical care. According to Minister of Tourism, Ali Waheed, the Maldives had 2,288 beds available for quarantine as of late March 2020.

Obviously, other economic implications of the coronavirus are detrimental not only to public health systems but to trade and travel industry. On all the islands, small-scale agriculture that includes fishing, local industries as well as retail markets are largely affected. More than 80% of people in rural areas depend on subsistence farming for survival; however, restrictions on market activities would limit market access.

It is worth to say that both agriculture and fishing in these islands are conducted at subsistence level and for small-scale exports. Seafood is very popular and resultantly export of seafood is curtailed. The Maldives’ economy is dependent on tourism, which dropped severely due to travel restrictions amid the pandemic. Experts warned of an economic contraction and possible difficulties paying back foreign debt, especially to China.

Specifically, it is estimated that the shutdown implemented to control the pandemic costs the Mauritian economy about 5% of the country’s GDP for the full 15-day lockdown announced by government on 20 March. Later, there was sanitary curfew started on 23 March and was extended up to 15 April 2020. Now, the lockdown was again extended till 4 May to further contain the spread of the COVID-19 in Mauritius.

As already known, Cape Verde, Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros depend mostly on the travel industry. Due to the outbreak of this coronavirus, all these governments have imposed restrictions on travel to the islands that have the best climate and attractive beaches. Travel restriction imposed, thus paralyzing tourism industry in all the four islands.

The Government of Maldives and the Tourism Ministry of the Maldives with the guidance of the Health Protection Agency of the Maldives (HPA) placed a temporary travel restriction for the following countries to control new cases. Since then, there are no passengers (traffic) originating from, transiting to or with a travel history of said country/province is to be permitted into the Maldives. Maldivians and spouses of Maldivians who are foreign nationals are allowed in, but subject to observe quarantine measures.

The Cape Verdean authorities have closed all sea borders and stopped internal flights between the islands. Travelers are required to comply with any additional screening measures put in place by the authorities. As a further step, the government has declared a state of emergency for the whole country until 17 April, the details of which can be found here (in Portuguese). This has activated a series of measures including significant restrictions on movement nationally and internationally.

However, all citizens have been instructed to remain at home unless they needed to carry out the following activities. These are: (i) to buy food or other essential items, (ii) to go to work if unable to work from home, (iii) to go to hospital or health centers, (iv) to carry out caring or similar duties or in case of real need, and (v) to walk pets. Cape Verde’s Public Health National Institute pledged to help in cases of emergency.

Since the beginning of March, the Mauritian authorities have been conducting ‘Contact Tracing’: people who have been in contact with infected patients have been placed under quarantine, including doctors, nurses and police officers.

Seychelles banned any person from Seychelles from travelling to China, South Korea, Italy and Iran. These countries have high cases. An exception is made for returning residents, under similar rules taken by Cape Verde, Mauritius and Vanuatu.

The most significant remittances to Cape Verde, Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros as a source of financial stability come from the islanders who work as temporary laborers around the world, disappeared. The Union of Comoros depends heavily on remittances. For instance, there are between 200,000 and 350,000 Comorians in France. Official statistics are hard to find especially most of the government sources and international organizations become inaccessible for required information.

There have been a steady development or facelift in the cities over the past years. A substantial process of urbanization is still unfolding in Cape Verde, especially to the cities of Praia and Mindelo. The same trend city;mso-bidi-font-weight:bold’>s development and expansion in Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros.

Beyond all the points raised above, Dr Antipas Massawe, a former lecturer from the Department of Chemical and Mining Engineering, University of Dar-es-Salaam in Tanzania, East Africa, strongly insisted that “the scale of the challenges facing the health sector is tremendous, it requires extensive investment of resources and governments have to direct focus on the sustainable solutions.”

Charles Prempeh, a lecturer in Africana Studies at the African University College of Communications (AUCC), and a doctoral candidate at University of Cambridge, also explains in an email that there are deficiencies – ranging from poor health policies through inadequate funding of health infrastructure to training and research – that have characterized the health sector in Africa. Ocean islands have similar pitfalls or problems.

Amid the fast spreading coronavirus in some regions, it is simply providential that the African continent has not recorded high numbers, compared to the so-called western countries. But it is also true that even with the relatively smaller number of cases that most countries in Africa have recorded, there are deep-seated doubts that the health system can match squarely with the debilitating effect of the virus, as they have come under disproportionate strain, according to him.

“The current situation is serious setback,” both academics acknowledged. But further suggested that small island governments draw a long term development plan, make consistent efforts at mobilizing resources for realizing – support for education, health and employment generating sectors, – the Sustainable Development Goals (SDGs).

Current Scenarios and Lessons for the Future

It is time for solidarity, to fight the end the global health mess. The key lessons for epidemic response are to act fast but act locally. That is exactly what Cape Verde, Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros are focusing on now.

But as the international response gains momentum, some financial assistance may be extended to these islands. The islands hospitals need testing kits, basic materials for hygiene, personal protective equipment for the professional health workers, and equipment for assisted breathing. There is a global shortage of all of these and a shameful scramble among developed countries to get their own supplies – relegating Cape Verde, Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros to the backyard.

The islands absolutely have no pharmaceutical companies to produce the needed medicaments. The medical supplies, equipment and whatever have to be imported from the United States and Canada, Europe, Asian countries such China and India.

Media reports said Mauritius and Seychelles had received a few tons of medicine including thousands of hydroxychloroquine tablets from India to help in their fight against COVID-19. Hydroxychloroquine is an anti-malarial drug being used by some doctors to treat COVID-19 patients, though its efficacy is still being tested. Mauritius and Seychelles are favorite tourist posts, and have long-time close geopolitical relationship with India.

The COVID-19 epidemic is currently forcing governments to cut agricultural expenses and prioritize health-related expenditures. This will heavily affect the economy in the future if the restrictions continue, and further expected to bring additional economic hardship in the nearest future to these poor ocean islands. More than 80% of people in rural areas depend on subsistence farming for survival, restrictions on market activities would limit market access.

Repeat: Most of these people derive their livelihoods from the informal economy, small-scale farming, open market trading, livestock keeping and fishing. Workers in the formal sector have low incomes. Only a few of them have social security, and some may not even have saving accounts. This means with the lockdown, they are likely and adversely affected.

The above scenarios complicate the situation for poor people, who have little resources or insurance to cushion the social and economic impact of the pandemic. These small islands are, indeed, in a quagmire both, at the state level and the individual. While much depends on post-pandemic internal policies directed at transforming the economy, strategies to expand practical collaboration with foreign partners, the islands still have to keep good diplomatic relationship with the world. Nevertheless, global leaders have called for a comprehensive approach to mobilizing support for least developed countries, and so it is time to show absolute solidarity with Cape Verde, Mauritius, Maldives, Seychelles, Vanuatu and the Union of Comoros.

Kester Kenn Klomegah is Special Representative of the Russian Trade and Economic Development Council on interaction with Africa. He is also an independent research writer on African affairs in the EurAsian region and former Soviet republics.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Abebe Selassie to Retire as Director of African Department at IMF

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Abebe Aemro Selassie

By Kestér Kenn Klomegâh

The International Monetary Fund (IMF) has announced the retirement of its director of the African department, Abebe Aemro Selassie, on May 1, 2026. Since his appointment in 2016, Abebe Selassie has served in this position for a decade. During his tenure, IMF added a 25th chair to its Executive Board, increasing the voice of sub-Saharan Africa.

As a director for Africa, he has overseen the IMF’s engagement with 45 countries across sub-Saharan Africa. Abebe and his team work closely with the region’s leaders and policymakers to improve economic and development outcomes. This includes oversight of the IMF’s intensified engagement with the region in recent years, including some $60 billion in financial support the institution has provided to countries since 2020. Reports indicated that under his leadership, his department generally reinforces the organization’s role as a trusted partner to many African countries.

Abebe Selassie has worked with both the regional economic blocs and the African Union (AU) as well as individual African states. The key focus has been the strategic articulation of Africa’s development priorities in reshaping economic governance, mobilizing sustainable investments, and addressing systemic financial challenges.

It is important noting that the IMF has funded diverse infrastructure projects that facilitated either export-led growth or import substitution industrialization models of development. Further to that, African states have also made numerous loans and benefited from much-needed debt relief.

Summarizing the IMF’s key focus areas, among others, for Africa: (i) reforming the global financial architecture in an effort to improve the structure, institutions, rules, and processes that govern international finance in order to make the global economy more stable, equitable, and resilient.

Concessional financing to counter rising borrowing costs, with Africa paying up to 5 times more in interest than advanced economies (AfDB, 2023). Fair representation, pushing for IMF quota reforms to reflect Africa’s $3.4 trillion collective GDP—yet the continent holds less than 5% of voting shares in Bretton Woods institutions.

(ii) Unlocking Investments for Jobs and Sustainable Growth. With Africa’s working-age population set to double to 1 billion by 2050, the African states spotlight: The African Continental Free Trade Area (AfCFTA), projected to boost intra-African trade by 52% and create 30 million jobs by 2035 (World Bank, 2024).  Infrastructure partnerships, targeting sectors such as renewable energy, where Africa receives only 2% of global clean energy investments despite its vast solar and wind potential (IEA, 2024).

(iii) Climate Finance and Debt Relief for Resilience: Africa contributes less than 4% of global emissions but bears the brunt of climate shocks, losing 5–15% of GDP per capita to climate-related disasters annually (African Development Bank, 2024). These are strictly in alignment with Agenda 2063’s aspirations for inclusive growth, maximizing multilateral cooperation and enhancing global engagement with the continent.

“I am deeply grateful for Abe’s visionary leadership, dedication to the Fund’s mission, and unwavering commitment to the members in the region,” Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). “The legacy he leaves on the Fund’s work in Africa is one of alignment with the aspirations of people, especially the youth, for good governance, strong economies and lasting prosperity. His trusted advice has been invaluable to me personally, and his leadership has strengthened our mission.”

“A national of Ethiopia, Selassie first joined the IMF in 1994. Over his remarkable 32-year career, he held senior positions including Deputy Director in AFR, Mission Chief for Portugal and South Africa, Division Chief of the Regional Studies Division, and Senior Resident Representative in Uganda. Earlier, he contributed to programs in Turkey, Thailand, Romania, and Estonia, and worked on policy, operational review, and economic research.”

Under his ten-year leadership and as director of the African Department (AFR), Abebe Selassie helped to reinforce the Fund’s role as a trusted partner with sub-Saharan African members. The International Monetary Fund (IMF) is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty.

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Africa Squeezed between Import Substitution and Dependency Syndrome

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Dependency Syndrome

By Kestér Kenn  Klomegâh

Squeezed between import substitution and dependency syndrome, a condition characterized by a set of associated economic symptoms—that is rules and regulations—majority of African countries are shifting from United States and Europe to an incoherent alternative bilateral partnerships with Russia, China and the Global South.

By forging new partnerships, for instance with Russia, these African countries rather create conspicuous economic dependency at the expense of strengthening their own local production, attainable by supporting local farmers under state budget. Import-centric partnership ties and lack of diversification make these African countries committed to import-dependent structures. It invariably compounds domestic production challenges. Needless to say that Africa has huge arable land and human resources to ensure food security.

A classical example that readily comes to mind is Ghana, and other West African countries. With rapidly accelerating economic policy, Ghana’s President John Dramani Mahama ordered the suspension of U.S. chicken and agricultural products, reaffirming swift measures for transforming local agriculture considered as grounds for ensuring sustainable food security and economic growth and, simultaneously, for driving job creation.

President John Dramani Mahama, in early December 2025, while observing Agricultural Day, urged Ghanaians to take up farming, highlighting the guarantee and state support needed for affordable credit and modern tools to boost food security. According to Mahama, Ghana spends $3bn yearly on basic food imports from abroad.

The government decision highlights the importance of leveraging unto local agriculture technology and innovation. Creating opportunities to unlock the full potential of depending on available resources within the new transformative policy strategy which aims at boosting local productivity. President John Dramani Mahama’s special initiatives are the 24-Hour Economy and the Big Push Agenda. One of the pillars focuses on Grow 24 – modernising agriculture.

Despite remarkable commendations for new set of economic recovery, Ghana’s demand for agricultural products is still high, and this time making a smooth shift to Russia whose poultry meat and wheat currently became the main driver of exports to African countries. And Ghana, noticeably, accepts large quantity (tonnes) of poultry from Russia’s Rostov region into the country, according to several media reports. The supplies include grains, but also vegetable oils, meat and dairy products, fish and finished food products have significant potential for Africa.

The Agriculture Ministry’s Agroexport Department acknowledges Russia exports chicken to Ghana, with Ghanaian importers sourcing Russian poultry products, especially frozen cuts, to meet significant local demand that far outstrips domestic production, even after Ghana lifted a temporary 2020 avian flu-related ban on Russian poultry.

Moreover, monitoring and basic research indicated Russian producers are actively increasing poultry exports to various African countries, thus boosting trade, although Ghana still struggles to balance imports with local industry needs.

A few details indicate the following:

Trade Resumed: Ghana has lifted its ban on Russian poultry imports since April 2021, allowing poultry trade to resume. Russian regions have, thus far, consistently exported these poultry meat and products into the country under regulatory but flexible import rules on a negotiated bilateral agreement.

Significant Market: In any case, Ghana is a key African market for Russian poultry, with exports seeing substantial growth in recent years, alongside Angola, Benin, Cote d’Voire, Nigeria and Sierra Leone.

Demand-Driven: Ghana’s large gap between domestic poultry production and national demand necessitates significant imports, creating opportunities for foreign suppliers like Russia.

Major Exporters: Russia poultry companies are focused on increasing generally their African exports, with Ghana being a major destination. The basic question: to remain as import dependency or strive at attaining food sufficiency?

Product Focus: Exports typically include frozen chicken cuts (legs and meat) very vital for supplementing local supply. But as the geopolitical dynamics shift, Ghana and other importing African countries have to review partnerships, particularly with Russia.

Despite the fact that challenges persist, Russia strongly remains as a notable supplier to Ghana, even under the supervision of John Mahama’s administration, dealing as a friendly ally, both have the vision for multipolar trade architecture, ultimately fulfilling a critical role in meeting majority of African countries’ large consumer demand for poultry products, and with Russia’s trade actively expanding and Ghana’s preparedness to spend on such imports from the state budget.

Following two high-profile Russia–Africa summits, cooperation in the area of food security emerged as a key theme. Moscow pledged to boost agricultural exports to the continent—especially grain, poultry, and fertilisers—while African leaders welcomed the prospect of improved food supplies.

Nevertheless, do these African governments think of prioritising agricultural self-sufficiency. At a May 2025 meeting in St. Petersburg, Russia’s Economic Development Minister, Maxim Reshetnikov, underlined the fact that more than 40 Russian companies were keen to export animal products and agricultural goods to the African region.

Russia, eager to expand its economic footprint, sees large-scale agricultural exports as a key revenue generator. Estimates suggest the Russian government could earn over $15 billion annually from these agricultural exports to African continent.

Head of the Agroexport Federal Center, Ilya Ilyushin, speaking at the round table “Russia-Africa: A Strategic Partnership in Agriculture to Ensure Food Security,” which was held as part of the international conference on ensuring the food sovereignty of African countries in Addis Ababa (Ethiopia) on Nov. 21, 2025, said: “We see significant potential in expanding supplies of Russian agricultural products to Africa.”

Ilya Ilyushin, however, mentioned that the Agriculture Ministry’s Agroexport Department, and the Union of Grain Exporters and Producers, exported over 32,000 tonnes of wheat and barley to Egypt totaling nearly $8 million during the first half of 2025, Kenya totaling over $119 million.

Interfax media reports referred to African countries whose markets are of interest for Russian producers and exporters. Despite existing difficulties, supplies of livestock products are also growing, this includes poultry meat, Ilyushin said. Exports of agricultural products from Russia to African countries have more than doubled, and third quarter of 2025 reached almost $7 billion.

The key buyers of Russian grain on the continent are Egypt, Algeria, Kenya, Libya, Tunisia, Nigeria, Morocco, South Africa, Tanzania and Sudan, he said. According to him, Russia needs to expand the geography of supplies, increasing exports to other regions of the continent, increase supplies in West Africa to Benin, Cameroon, Ghana, Liberia and the French-speaking Sahelian States.

Nevertheless, Russian exporters have nothing to complain. Africa’s dependency dilemma still persists. Therefore, Russia to continue expanding food exports to Africa explicitly reflects a calculated economic and geopolitical strategy. In the end of the analysis, the debate plays out prominently and the primary message: Africa cannot and must not afford to sacrifice food sovereignty for colourful symbolism and geopolitical solidarity.

With the above analysis, Russian exporters show readiness to explore and shape actionable strategies for harnessing Africa’s consumer market, including that of Ghana, and further to strengthen economic and trade cooperation and support its dynamic vision for sustainable development in the context of multipolar friendship and solidarity.

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Coup Leader Mamady Doumbouya Wins Guinea’s 2025 Presidential Election

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Mamady Doumbouya

By Adedapo Adesanya

Guinea’s military leader Mamady Doumbouya will fully transition to its democratic president after he was elected president of the West African nation.

The former special forces commander seized power in 2021, toppling then-President Alpha Conde, who had been in office since 2010.

Mr Doumbouya reportedly won 86.72 per cent of the election held on December 28, an absolute majority that allows him to avoid a runoff. He will hold the forte for the next seven years as law permits.

The Supreme Court has eight days to validate the results in the event of any challenge. However, this may not be so as ousted Conde and Mr Cellou Dalein Diallo, Guinea’s longtime opposition leader, are in exile.

The election saw Doumbouya face off a fragmented opposition of eight challengers.

One of the opposition candidates, Mr Faya Lansana Millimono claimed the election was marred by “systematic fraudulent practices” and that observers were prevented from monitoring the voting and counting processes.

Guinea is the world leader in bauxite and holds a very large gold reserve. The country is preparing to occupy a leading position in iron ore with the launch of the Simandou project in November, expected to become the world’s largest iron mine.

Mr Doumbouya has claimed credit for pushing the project forward and ensuring Guinea benefits from its output. He has also revoked the licence of Emirates Global Aluminium’s subsidiary Guinea Alumina Corporation following a refinery dispute, transferring the unit’s assets to a state-owned firm.

In September, rating agency, Standard & Poor’s (S&P), assigned an inaugural rating of “B+” with a “Stable” outlook to the Republic of Guinea.

This decision reflects the strength of the country’s economic fundamentals, strong growth prospects driven by the integrated mining and infrastructure Simandou project, and the rigor in public financial management.

As a result, Guinea is now above the continental average and makes it the third best-rated economy in West Africa.

According to S&P, between 2026 and 2028, Guinea could experience GDP growth of nearly 10 per cent per year, far exceeding the regional average.

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