Business in Guinea-Conakry

EENI- School of International Business

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

1. Introduction to the Republic of Guinea (West Africa)
2. The Guinean Economy
3. International Trade of Guinea-Conakry
4. The Customs System of Guinea-Conakry (*)
5. The transport sector in Guinea
6. The 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. The Legal Framework. The Investment Code
9. The Agency for the Promotion of Investments in Guinea
10. Case Study: The 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 student's country
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):

Mamadou Camara (Fr) representative of EENI for Guinea.

Description of the Subject: 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. The Guinean population: 10 millions of people
4. Only 41% of adults were litreate in 2010
5. Area: 245,857 square kilometres
6. Capital: Conakry (2.7 million). Port of Guinea
7. The official language of Guinea-Conakry: French
8. President: Alpha Conde
9. 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.

1. Djibril Tamsir Niane (Guinean historian)

The Guinean Economy.

1. 66% of the bauxite deposits in the World
2. The largest deposits of iron ore. Simandou: The biggest undeveloped iron ore
3. Currency: Guinean Franc (GNF)
4. Guinean GDP growth: 2%
   - Agriculture (13%)
   - Industry (48%)
   - Services (39%)
5. The inflation: 9.9%
6. Most 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 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: Cotonou Agreement - 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. Forum Africa-India
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: