Simandou 2040: The CTG announces $500 million for Guinean companies and over 3,900 jobs

CONAKRY – The Compagnie du TransGuinéen (CTG) aims to make the Simandou corridor a true driver of economic development for Guinea. On the occasion of its fourth anniversary, celebrated this Friday, July 31, 2026, in Conakry under the theme “Four years on the tracks of transformation,” the company announced new ambitions regarding local content, employment, and skills transfer.

Created on July 27, 2022, the CTG claims to have experienced rapid growth. From a structure that had less than ten employees at its inception, it now has more than 120 employees, over 70% of whom are Guinean, according to its Deputy General Manager, Dr. Moussa Bérété.

For the next three years, the company primarily plans to dedicate more than $500 million to Guinean companies. This budget is intended to increase their participation in markets related to the development and operation of the Trans-Guinean corridor.

The announced strategy is based on three axes: facilitating access for national companies to markets, fostering the employment of Guineans, and accelerating the transfer of skills and technologies. The CTG also states that it wants to support local companies so that they can acquire enough expertise to participate in other major infrastructure projects in Africa.

Employment is the other major priority displayed. The CTG’s workforce is expected to exceed 400 employees by the end of 2026, with a “Guineanization” rate of over 70%. Ultimately, the company announces the creation of more than 3,900 direct jobs for Guineans.

To facilitate the rise in responsibility of national executives, the company has implemented a skills transfer system. The principle consists of associating a Guinean executive with each expatriate occupying a strategic position, in order to gradually prepare their succession within a period of one to two years.

The CTG also plans to invest more than $25 million over the next three years in strengthening the capacities of national institutions, training, technology transfer, and local skills development.

These announcements come as the Trans-Guinean corridor enters a new phase with the official start of its operations on November 11, 2025.

The infrastructure notably includes 650 kilometers of multi-user railways and the port facilities at Moribaya. These feature two ore berths capable of reaching a capacity of 120 million tons per year at full capacity, as well as a commercial quay capable of handling up to 2.5 million tons of goods and equipment per year.

For the authorities, these infrastructures now go beyond the sole function of ore evacuation. They must contribute to territorial integration, the development of trade, and the country’s industrialization within the framework of the Simandou 2040 vision.

The Minister of Mines and Geology, Bouna Sylla, recalled the main stages of the project, from the agreements of March 2022 to the financial closing in July 2024, before the launch of operations in November 2025.

After four years of construction and structuring, the challenge for the CTG is now to transform the investments linked to Simandou into sustainable economic benefits: more Guinean companies in the value chain, more skilled jobs, and national expertise capable of asserting itself beyond the Simandou project.