Kallo Inc. (KALO)

[kingpindg]

It's nothing new. It is from October and is just another article about the Guinea/Kallo/Grissag agreement.

Real news would be anything showing tangible progress being made on the deal.

http://www.timesmagazine.info/index.php/economie/item/354-guinee-kallo-inc-et-grissag-ag-signent-avec-l-etat-un-accord-de-financement-de-8-milliards-de-dollars


Guinean state will receive support of 8 billion dollars to finance the realization of health care projects and construction of social infrastructure. A tripartite agreement on this issue was recently signed between Guinea and the companies, Kallo Inc. and Grissag AG.

Guinea has signed a tripartite financing agreement with Kallo Inc. and Grissag AG. With an envelope of $ 8 billion, this funding was signed by the Guinean Minister of Economy and Finance, Mamady Camara, Kallo Inc. CEO John Cecil and Grissag AG CEO Peter van der Merwe, is intended to support projects in the field of health but also in the social.

    "This amount will enable the implementation of health care projects and basic social infrastructures that are consistent with the 2017-2020 National Economic and Social Development Plan (PNDS 2017-2020), the integrated distribution of solid health infrastructures in Guinea. , using both mobile clinics and hospitals in the most remote villages, and to have access to quality health services, in order to avoid evacuations abroad, "said the official statement.

According to the same source, this envelope will also contribute to the country's protection against future epidemics and communicable diseases, such as the Ebola virus, to education and training, professional management and maintenance of systems in accordance with Canadian standards. , creating new job opportunities in the healthcare sector.
Other components of the targeted PNDES

Speaking at the signing of the agreement, John Cecil, CEO of Kallo Inc., congratulated the Guinean authorities for their efforts in improving health services for all citizens. "We are committed to working with the Ministry of Health and others to put in place a robust SS delivery system in Guinea that meets international standards and provides quality care to all Guinean citizens," she said. he added.

For his part, Peter Van Der Merwe, Grissag AG boss mentioned other components of the PNDES sharing the concerns of the Guinean government. "In addition to the SS, the government is keen to fulfill other components of the PNDES in financing and carrying out projects for a set of major projects, including the construction of 20,000 hectares of land along the rivers Milo and Sankarani, the water supply in the capital and cities in the interior of the country and the construction of the Kankan-Kérouané and Kankan-Mandiana road, "said the official.

Remember that this is not the first time that the two companies are mobilizing alongside the Guinean state. The two partners have been working since 2013 in close collaboration with the authorities of Conakry, in particular with the Guinean Ministry of Health, the General Administration and Control of Major Projects (AGCGP), in order to study the health infrastructures in order to raise complex challenges and constraints, in order to provide effective health services to geographically dispersed populations in the country.


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