Global Government Tenders

Most trusted source for Tendering Opportunities and Business Intelligence since 2002

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:
Provision for the maintenance of air conditioners.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
11 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Provision for the production of management tools - TDM/VAS Campaign
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Announcement On The Purchase Of Certain Materials From The Company Chalco Guinea Company .S.A.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
29 Mar 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Provision for the Transformation of Guinean Agriculture and Youth Agricultural Entrepreneurship (PATAG – EAJ)
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Provision for the Market relating to the acquisition of special technical laboratory equipment.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Lot 1: Supply of internet connection for the Ministry of Health and Public Hygiene (MSHP); Lot 2: Installation of a corrugated electrical backup system for the Ministry of Health and Public Hygiene (MSHP).
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
18 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Acquisition of office supplies and consumables.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
24 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Provision for the study and technical services of Lot-2 of rural electrificationPIEGM
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
05 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Notice Of Request For Proposals For The Recruitment Of A Firm To Train Uagcp Staff On The Accounting System For Non-Profit Entities (Sycebnl).
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
09 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Recruitment Notice For A Manager Responsible For Resource Mobilization And Partnership (Female).
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
05 Apr 2024
Posting Date:
26 Mar 2024