Guinea to Launch $1B Sovereign Wealth Fund Backed by iron ore

The West African nation of Guinea has announced plans to launch its first sovereign wealth fund (SWF) by the second quarter of 2026, with an initial capital target of US$ 1 billion. The fund is designed to channel revenues from the Simandou iron-ore mega-project into long-term investment in education, infrastructure, industry and agriculture, and to reduce the budgetary vulnerabilities associated with commodity price swings.

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