Kabine Komara, a banker living in Egypt, has been named by the leaders of a bloodless coup as Guinea's new prime minister, reported Aljazeera.
Kamara, a senior official at the Cairo-based African Export-Import Bank, was one of three people proposed for the position in 2006 when unions demanded their choice of prime minister be installed.
A group calling itself the National Council for Democracy and Development seized power last week after the announcement of the death of Lansana Conte, the president, promising to install a civilian prime minister.
Captain Moussa Dadis Camara, the coup leader, declared himself president, but has pledged to step down in 2010 and hold elections after tackling corruption in the West African nation.
The announcement came after the African Union suspended Guinea's membership of the bloc, giving the the coup leaders six months to restore "constitutional order" or face further sanctions.
Inside Guinea, however, the coup has been widely welcomed after 24 years of repressive rule under Conte.
"With this new military junta, we are happy. Guineans thought there would be violence. But since the military stepped in there has been peace," one resident of Conakry told Al Jazeera.
Guinea sits on one-third of the world's reserves of bauxite reserves, the raw material used to make aluminum, and also has important reserves of gold, diamonds, and other minerals.
But because of corruption and mismanagement, Guinea ranks 160 out of 177 in the United Nation's development scale.