Doing Business in Guinea-Conakry

Syllabus of the Subject: Doing Business in Guinea-Conakry (West Africa).

1. Introduction to the Republic of Guinea (West Africa)
2. Guinean Economy
3. International Trade of Guinea-Conakry
4. Customs System of Guinea-Conakry (*)
5. Transport sector in Guinea
6. Port of Conakry
7. Business and Investment Opportunities:
   1. Health
   2. Environmental
   3. Energy
   4. Information and Communication Technologies
   5. Mining
   6. Industrial
   7. Agriculture
8. Legal Framework. Investment Code
9. Agency for the Promotion of Investments in Guinea
10. Case Study: Guinean mining sector
11. Introduction to French
12. Access to the Guinean Market
13. Business Plan for Guinea-Conakry

(*) Only available in French.

The objectives of the subject “Foreign Trade and Doing Business in the Republic of Guinea” are the following:

1. To analyse the Guinean economy and foreign trade
2. To evaluate the business opportunities in the Republic of Guinea
3. To explore Guinea-Conakry's trade relations with the country of the student
4. To know Guinea-Conakry's Free Trade Agreements
5. To develop a business plan for the Guinean Market

Sample of the subject (Doing Business in Guinea-Conakry):

Hispano-African University of International Business

Description of the Subject (Online Learning): Foreign Trade and Business in Guinea-Conakry.

Guinea-Conakry: huge deposits of iron and bauxite.

The Republic of Guinea-Conakry (Africa).

1. Borders of Guinea-Conakry: Guinea-Bissau, Senegal, Mali, Ivory Coast, Liberia, and Sierra Leone
2. Independence of Guinea-Conakry: 1958 (France)
3. Guinean population: 10 million people
4. Only 41% of adults were literate in 2010
5. Area: 245,857 square kilometres
6. Guinean Capital: Conakry (2.7 million). Port of Guinea
7. Official language of Guinea-Conakry: French
8. President: Alpha Conde
9. Ebola virus crisis in 2014

Main religions in Guinea-Conakry:

1. Islam (85% of Guinean population)
2. African Traditional Religions

Guinea-Conakry belongs to the West African Economic Area (African Civilisation).

1. Djibril Tamsir Niane (Guinean historian)

Guinean Economy

1. 66% of the bauxite deposits in the World
2. The largest deposits of iron ore.
   1. Simandou: The biggest undeveloped iron ore
3. Currency: Guinean Franc (GNF)
4. Guinean GDP growth: 2%
   1. Agriculture (13%)
   2. Industry (48%)
   3. Services (39%)
5. Inflation: 9.9%
6. Most Guinean dynamic sectors: agriculture and construction
7. Stabilisation of the Guinean Economy
8. Reduction of the deficit and external debt
9. Declining in the mining sector (gold, diamonds, and alumina)
10. Poor business environment
11. Top exports of Guinea-Conakry: bauxite, alumina, gold, diamonds, coffee, and fish
12. Top Guinean trade partners: Ivory Coast, France, South Korea, Russia, Spain, Ireland, and the United States

Logistics: Dakar-Lagos Corridor

Trade Agreements and preferential access of Guinea-Conakry:

1. Economic Community of West African States (ECOWAS)
2. West African Monetary Zone (WAMZ)
3. Mano River Union
4. The European Union: Africa-European Union Strategic Partnership - Generalised System of Preferences (GSP)
5. AGOA - the African Growth and Opportunity Act (US)

Guinea-Conakry is a member of:

1. African Development Bank
2. Economic Commission for Africa (ECA)
3. Organisation for the Harmonisation of Business Law in Africa (OHADA)
4. New Partnership for Africa's Development (NEPAD)
5. Africa-India Forum
6. Afro-Arab Cooperation
7. Arab Bank for Economic Development in Africa (BADEA)
8. Forum on Cooperation Sino-African
9. Africa-Japan
10. Niger Basin Authority
11. Organisation for the Development of the Senegal River
12. African Union (AU) - Convention Combating Corruption
13. Africa-South America
14. Organisation of Islamic Cooperation (OIC)
15. Islamic Development Bank
16. Africa (Guinea)-Asia Strategic Partnership
17. IMF, WB, WTO, UN

Trade Preferential System OIC:

(c) EENI- Business School & Hispano-African University of International Business