Doing Business in Guinea-Conakry
EENI - Business School.
Subject (Course): International Trade and Business in Guinea-Conakry (West Africa)
- Introduction to the Republic of Guinea (West Africa).
- Guinean Economy
- International Trade of Guinea-Conakry
- Customs System of Guinea-Conakry (*)
- The transport sector in Guinea
- Port of Conakry
- Business and Investment Opportunities:
- Information and Communication Technologies
- The Legal framework. Investment Code.
- Agency for the Promotion of Investments in Guinea
- Case Study: Guinean mining sector
- Introduction to French
- Access to the Guinean Market
- Business Plan for Guinea-Conakry
(*) Only available in French.
Objectives of the subject “Doing Business in the Republic of Guinea”:
- To analyse the Guinean economy and foreign trade
- To evaluate business opportunities in the Republic of Guinea
- To explore Guinea-Conakry's trade relations with the student's country
- To know Guinea-Conakry's Free Trade Agreements (FTAs)
- To develop a business plan for the Guinean Market
Sample of the subject (Doing Business in Guinea-Conakry):
Mamadou Camara (Fr)
representative of EENI for Guinea.
Subject Description: Foreign Trade and Business in Guinea-Conakry.
Guinea-Conakry: huge deposits of iron and bauxite.
The Republic of Guinea-Conakry (Africa).
- Borders of Guinea-Conakry: Guinea-Bissau, Senegal, Mali, Ivory Coast, Liberia, and Sierra Leone.
- Independence of Guinea-Conakry: 1958 (France)
- Guinean population: 10 millions of people
- Only 41% of adults were litreate in 2010
- Area: 245,857 square kilometres
- Capital: Conakry (2.7 million). Port of Guinea.
- The official language of Guinea-Conakry: French
- President: Alpha Conde
- Ebola virus crisis in 2014
The main religion in Guinea-Conakry: Islam (85% population).
Guinea-Conakry belongs to the West African Economic Area of the African Civilisation.
- Djibril Tamsir Niane (Guinean historian)
- 66% of the bauxite deposits in the World
- The largest deposits of iron ore. Simandou: the biggest undeveloped iron ore
- Currency: Guinean Franc (GNF)
- Guinean GDP growth: 2%
- Agriculture (13%)
- Industry (48%)
- Services (39%)
- The inflation: 9.9%
- Most dynamic sectors: agriculture and construction
- Stabilisation of the Guinean Economy
- Reduction of the deficit and external debt
- Declining in the mining sector (gold, diamonds, and alumina)
- Poor business environment
- Top exports of Guinea-Conakry: bauxite, alumina, gold, diamonds, coffee, and fish
- Top 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:
- Economic Community of West African States (ECOWAS)
- West African Monetary Zone (WAMZ)
- Mano River Union
- The European Union: Cotonou Agreement - Generalised System of Preferences (GSP)
- AGOA - the African Growth and Opportunity Act (US)
Guinea-Conakry is a member of:
- African Development Bank
- Economic Commission for Africa (ECA)
- Organisation for the Harmonisation of Business Law in Africa (OHADA)
- New Partnership for Africa's Development (NEPAD)
- Forum Africa-India
- Afro-Arab cooperation
- Arab Bank for Economic Development in Africa (BADEA)
- Forum on Cooperation Sino-African
- Niger Basin Authority
- Organisation for the Development of the Senegal River
- African Union (AU) - Convention Combating Corruption
- Africa-South America
- Organisation of Islamic Cooperation (OIC)
- Islamic Development Bank
- Africa (Guinea)-Asia Strategic Partnership
- IMF, WB, WTO, UN
Trade Preferential System OIC: