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Economy of Guinea and business opportunities

Economy of Guinea

Guinea is richly endowed with minerals, possessing an estimated quarter of the world's proven reserves of bauxite, more than 1.8 billion metric tons (2.0 billion short tons) of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium.

Guinea also has considerable potential for growth in the agricultural and fishing sectors. Land, water, and climatic conditions provide opportunities for large-scale irrigated farming and agro industry. Remittances from Guineans living and working abroad and coffee exports account for the rest of Guinea's foreign exchange.

Sectors

Forestry

Bauxite mining and alumina production provide about 80% of Guinea's foreign exchange. Several U.S. companies are active in this sector. Diamonds and gold also are mined and exported on a large scale, providing additional foreign exchange. Concession agreements have been signed for future exploitation of Guinea's extensive iron ore deposits.

Guinea is richly endowed with minerals, possessing an estimated one-third of the world's proven reserves of bauxite, more than 1.8 billion metric tons (MT) (2.0 billion short tons) of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium.

Agriculture

Guinea also has considerable potential for growth in the agricultural and fishing sectors. Land, water, and climatic conditions provide opportunities for large-scale irrigated farming and agro industry. Possibilities for investment and commercial activities exist in all these areas, but Guinea's poorly developed infrastructure continues to present obstacles to investment projects.

Energy

Three primary energy sources make up the energy mix in Guinea - biomass, oil and hydropower. With 78%, biomass (mostly charcoal) makes the largest contribution in primary energy consumption in Guinea. It is locally produced, while Guinea imports all petroleum products.

Communications

The people of Guinea are among the poorest in West Africa and this reality is reflected in the development of the country's telecommunications environment. Radio is the most important source of information for the public in Guinea, and the only one to reach the entire country.

There is a single government-owned radio network, a growing number of private radio stations, and one government TV station. The fixed telephone system is inadequate, with just 18,000 lines to serve the country's 10.5 million inhabitants in 2012. The mobile cellular system is growing rapidly and had an estimated 4.8 million lines in 2012. Internet usage is very low, reaching just 1.5% of the population in 2012.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Guinea"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Guinea from all over the world..

This section contains economy and business opportunities and from Guinea.
Guinea Economy Guinean Economy, business opportunities in Guinea.
Summary:
Request For Proposals (Rfp) For The Recruitment Of A National Structure Responsible For Supporting 10 Socio-Economic Projects In Conakry, Forécariah, Kankan, Labé, And Mamou.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Public Notification Of The Call For Tenders: Customs Clearance And Land Transport Service For Imported Dulot-2 Rural Electrification Piegm.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Ugp/Bad: Procurement Plan - Simplified Version Goods And Works.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
31 Dec 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Ugp/Bad: Procurement Plan - Simplified Version, Consultancy Services.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
31 Dec 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Notice Of Call For Tenders For The Market For The Acquisition Of Medical Biology Laboratory Equipment In Favor Of The National Social Security Fund.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Notice Of Recruitment Of A Driver.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
06 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Notice Of Recruitment Of An Expert In Project Administration And Purchasing.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Recruitment Notice For A Driver.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
22 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Recruitment Notice For A Junior Professional.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
30 Jun 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Training Offer: Business Accounting (40 Hours).
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
04 May 2024
Posting Date:
23 Apr 2024
 
 
 

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