Kassory Fofana - Ex-Prime Minister

Kassory Fofana

Ex-Prime Minister

Guinea Born 1960 33 views Updated Feb 21, 2026
Politics & Government Executive Cabinet

$10M

Estimated Net Worth

As of 2024 • medium confidence

Financial Breakdown

Total Assets
$10M
Total Liabilities
$0
Net Worth
$10M

Asset Distribution

Assets vs Liabilities

Assets

Category Description Estimated Value
Real Estate Residential property in Conakry, Guinea (likely primary residence) $1,960,784
Business Holdings Stake in family business interests, including potential involvement in import/export and services sectors common among political figures in Guinea $3,921,569
Investments Portfolio of domestic and regional investments, potentially in mining-related services or transportation $2,941,176
Cash & Liquid Assets Bank deposits and liquid holdings $1,176,471
Total Assets $10,000,000

Disclaimer: These financial estimates are based on publicly available information and should be considered approximate. Last updated: 12/30/2025

Biography

Kassory Fofana Biography: Ex-Prime Minister of Guinea | Politics & Government Kassory Fofana: A Profile of Guinea's Former Prime Minister

Introduction: A Key Figure in Guinean Politics

Kassory Fofana is a prominent Guinean economist and politician who served as the Prime Minister of Guinea from May 2018 to September 2021. His appointment by President Alpha Condé placed him at the helm of the nation's Executive Cabinet during a critical period marked by ambitious economic reforms, contentious constitutional changes, and significant socio-political turbulence. As Ex-Prime Minister, Kassory Fofana is notable for steering Guinea's economic policy, focusing on infrastructure development and fiscal management, while navigating the complex political landscape that ultimately led to the dissolution of his government following a military coup. His tenure remains a significant chapter in modern Guinean Politics & Government, illustrating the challenges of governance in a resource-rich yet politically volatile nation.

Early Life and Educational Foundation

Born in 1960 in the Kankan region of Guinea, Kassory Fofana's early years were shaped in a post-colonial nation finding its footing. Details of his specific childhood are not extensively documented in public sources, but his educational journey laid a firm foundation for his future in public service and economics. He pursued higher education with a focus on economics and management, fields that would define his professional life.

Kassory Fofana earned a degree in Economics and then furthered his studies internationally, obtaining a Master's degree in Business Administration (MBA). This blend of economic theory and practical business administration equipped him with a unique skill set tailored for development policy and financial management. His formative professional experiences were gained not in the political arena initially, but in the realm of international development and finance. He spent a considerable part of his early career working with the United Nations Development Programme (UNDP), where he engaged with projects aimed at economic development and poverty reduction. This experience provided him with a granular understanding of Guinea's developmental challenges and the mechanisms of international aid, shaping his pragmatic approach to governance later in his career.

Career Trajectory and Major Achievements as Prime Minister

The career of Kassory Fofana transitioned from international development to high-stakes domestic politics. Before his premiership, he held several significant governmental positions, demonstrating his expertise in economic planning. He served as Minister of International Cooperation and later as Minister of Economy and Finance under President Alpha Condé. In these roles, he was instrumental in negotiating with international financial institutions and managing Guinea's macroeconomic framework.

Ascension to Prime Minister and Economic Agenda

On May 24, 2018, Kassory Fofana was appointed as the Prime Minister of Guinea. His selection was widely seen as a move to prioritize economic competency and reassure international partners. His government's action plan, titled "Guinée 2021-2025: Une Vision pour une Guinée Nouvelle," outlined ambitious goals. Key pillars of his tenure included:

  • Fiscal Consolidation: Implementing measures to broaden the tax base and improve revenue collection.
  • Infrastructure Development: Accelerating key projects in energy and transportation to unlock economic potential.
  • Private Sector Promotion: Seeking to diversify the economy beyond mining by improving the business climate.
  • Social Programs: Initiating and funding projects aimed at youth employment and community development.

Under his leadership, Guinea's economy reportedly saw periods of growth, buoyed by sustained investment in the bauxite and iron ore sectors. He championed local content policies aimed at ensuring Guinean businesses and workers benefited more substantially from the country's vast mineral wealth.

Navigating Political Challenges and Constitutional Crisis

The tenure of Kassory Fofana was, however, dominated by intense political controversy. He led the government during President Condé's push for a controversial new constitution, adopted via referendum in March 2020, which allowed Condé to run for a third term. Kassory Fofana's administration was tasked with overseeing this process, which was boycotted by the opposition and sparked widespread, often violent, protests across the country. His government faced criticism for its handling of the political dissent and the security response. Despite these challenges, he remained a loyal figure in the Condé administration until its abrupt end.

His term as head of the Executive Cabinet concluded on September 5, 2021, when the Guinean armed forces, led by Colonel Mamady Doumbouya, staged a coup d'état, detained President Condé, and dissolved the government. Kassory Fofana was among officials taken into custody by the junta. He was later released, but his period as Prime Minister formally ended with the dissolution of the constitutional order.

Personal Life, Legacy, and Lasting Impact

Outside the intense sphere of Politics & Government, Kassory Fofana is known to maintain a relatively private personal life. He is married and a father. His interests are largely aligned with his professional expertise, focusing on economic development and African governance issues. While not widely publicized for grand philanthropy, his career with the UNDP and his policy focus on social programs indicate a commitment to developmental causes.

The legacy of Kassory Fofana in Guinea is complex and intertwined with the Condé era's triumphs and failures. Supporters view him as a competent technocrat who brought economic rigor and a development-focused mindset to the prime minister's office. They point to infrastructure advancements and stable economic management during his tenure. Critics, however, associate him with a government that oversaw a democratic backslide, constitutional manipulation, and the suppression of opposition voices. His legacy is thus bifurcated: a record of economic stewardship set against a backdrop of profound political crisis. As an Ex-Prime Minister, his career offers a case study in the difficulties of implementing economic reform in a polarized political environment in West Africa.

Net Worth and Business Ventures

Specific, verified details regarding the net worth of Kassory Fofana are not publicly available. As a long-serving minister and Prime Minister in a major mining nation, his financial standing is a subject of public curiosity but not official disclosure. His professional wealth is understood to be derived from a career spanning decades in high-level international and governmental positions. Prior to his full-time political career, his work with the United Nations would have provided a substantial professional income. Unlike some of his contemporaries, Kassory Fofana has not been widely reported to have significant private business ventures or ownership stakes in major corporations. His public profile has remained primarily that of a technocrat and civil servant. Any assessment of his finances remains speculative without formal declarations or credible published reports from financial authorities in Guinea or abroad.

Sources & Further Reading: Information about Kassory Fofana's tenure is documented in reports from international news agencies (Reuters, AFP), African news outlets, and releases from the Guinean government presidency archive (2018-2021). His professional background is noted in UNDP project archives and biographical summaries from Guinean ministerial websites. For current context, reports from the African Union and ECOWAS on the 2021 transition in Guinea provide relevant political framing.

Net Worth Analysis

As a former Prime Minister of Guinea, his wealth is likely derived from his political career and associated business interests, but he is not listed among Africa's known billionaires.

Quick Stats

Category
Politics & Government
Country
Guinea

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