Iran, Guinea-Conakry discuss plans to establish joint investment fund
Iran and Guinea-Conakry have discussed a plan to establish a joint investment fund for the implementation of small and medium-sized projects, Press TV reported.
The proposal was offered by Iran at a Wednesday meeting between Iranian Minister of Industry, Mine and Trade Mehdi Ghazanfari and the visiting Guinean Foreign Minister Francois Lonseny Fall in the Iranian capital city, Tehran.
The two sides then conducted the initial negotiations on implementing and financing the plan before tasking the Guinea Embassy in Tehran with following up the matter.
Ghazanfari underscored the need for the promotion of bilateral ties in all areas and expressed optimism that mutual interactions would grow further.
The Iranian minister called on the two countries' private sectors to play a more active role in the expansion of economic and trade cooperation, establishment of a trade council for the two countries' businesspeople, exchange of economic and trade delegations and participation in international exhibitions.
The Guinean minister, for his part, underlined his country's resolve to boost relations with Iran and submitted Guinea's request for the relaunch of Iran's exclusive exhibition in the Guinean capital city, Conakry.
The two sides also discussed Iran's investment in Guinea's mineral resources, including bauxite, iron, gold, and diamond.
Guinea Conakry is located in West Africa, with a population of nearly 10 million people. Muslims comprise some 85 percent of the country's population.
Over the past years, Iran has defined a special priority on its agenda to boost relations with African countries.
Earlier this month, President Mahmoud Ahmadinejad paid a three-day visit to Niger, Ghana and Benin to develop economic and political cooperation with the African countries.