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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"

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This section contains economy and business opportunities and from Guinea.
Guinea Economy Guinean Economy, business opportunities in Guinea.
Summary:
Terms Of Reference For The Recruitment Of A Legal Expert.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Terms Of Reference For The Recruitment Of A Specialist Consultant In Mining Geology.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Notice Of Call For Tenders For The Establishment Of A Digital Archiving System For Administrative And Financial And Programmatic Documents, Accompanied By Technical Support And Ongoing Assistance With Digitization.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Provision for the establishment of a digital archiving system for administrative, financial and programmatic documents, accompanied by technical support and ongoing assistance with digitization
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Provisions for supporting the implementation of procedural and institutional provisions for the operation of a platform for the exchange and dissemination of good practices in matters of the AIC.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Notice Of Recruitment Of A National Consultant Responsible For Training On Access To Financing And Support For Young People And Women Targeted In The Intervention Area Of ​​The Human Security Project.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Recruitment Notice For A Human Resources Capacity Building Component Manager In Pre- And Post-Hospital Emergencies.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Recruitment Notice For A Project Assistant.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Pracc-Gf: Recruitment Notice For A National Consultant Responsible For Supporting The Implementation Of Procedural And Institutional Provisions For The Operation Of A Platform For The Exchange And Dissemination Of Good Practices In Matters Of Aic.
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Mobilization of a consultant for the development of a WAF and CAF entrepreneurship toolbox
Country:
Guinea
 
Notice Type:
Tender Notice
Deadline:
28 Apr 2024
Posting Date:
17 Apr 2024