Invest In guinea

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Guinea, rich in natural resources and equipped with constantly developing infrastructure, offers fertile ground for investment. Whether in agriculture, mining, energy, infrastructure, tourism or information technology, Guinea opens doors to a prosperous and diversified future.
Guinea stands out for its strategic location, offering privileged access to regional and international markets. With 333 km of coastline on the Atlantic coast, the Autonomous Port of Conakry is classified as the most efficient in West Africa by the World Bank. This privileged location facilitates trade with six border countries, positioning Guinea less than 6 hours from Europe and 7 hours from the United States by plane. Additionally, market access to the African Continental Free Trade Area (AfCFTA) and ECOWAS provides the opportunity to reach 1.3 billion consumers in 54 African Union member states.

Sustained macroeconomic stability*

Guinea’s macroeconomic stability is a major asset for investors. In 2022, the Gross Domestic Product (GDP) reached 21.2 billion USD, recording significant growth compared to 2021 (17.68 billion USD). The strong growth rate of 5.5% in 2022, the increase in Foreign Direct Investment (FDI) to 3.1 billion USD, and the control of inflation at 8.8% underline the economic dynamism of the country. In addition, the reduction of public debt to 31.6% of GDP in 2022, compared to 42.2% in 2021, strengthens the financial strength of the nation.

*Source Ministère du Plan et de la Coopération Internationale

Attractive business climate and favorable legal framework

Guinea has put in place a competitive legal framework to encourage investments. Initiatives such as the establishment of a Commercial Court, the investment code, the mining code, and the oil code strengthen legal security for investors. One-stop shops dedicated to administrative procedures, securing access to land through the digitalization of land titles, and investment incentives, notably customs exemptions for up to 10 years, are key elements of the business climate. Guinean.

Unrivaled natural resources

Guinea stands out for its abundant natural resources, creating unique investment opportunities. With 13 million hectares of arable land, the agricultural sector offers enormous potential. In the mining sector, the country holds two thirds of the world’s bauxite reserves, estimated at more than 40 billion tonnes, making Guinea the 2nd largest exporter in the world. High-quality iron deposits, significant reserves of gold, diamond, silver, manganese, and other minerals offer a diverse range for investors.

Low cost of investment factors

The cost of investment factors in Guinea is exceptionally competitive. With an abundant and cost-effective workforce, competitive rates for energy and water, and availability of low-cost natural materials and inputs, Guinea offers an environment conducive to economic exploitation of resources. . These favorable conditions, such as open-cast mines and ideal natural conditions for agriculture and infrastructure, enhance the profitability of investments.

Significant investments in basic infrastructure

Guinea has made major investments in infrastructure to support economic development. The doubling of energy capacity from 212 MW (2010) to 450 MW (2020), the modernization and expansion of the Port of Conakry, the construction of a deep water port, and the 650 m cross-border railway project. km for the exploitation of the Simandou iron deposit demonstrate the commitment to improving infrastructure. With 45,300 km of road network, 30% of which is paved, Guinea is creating solid foundations to promote trade and connectivity.

Priority investment sectors of the Republic of Guinea

 
Guinea is a country with particularly dense and varied mining, agricultural, energy and fishing potential. These natural resources predispose the country to certain socio-economic development, translated into a vision for emergence by 2040.

Agriculture

Guinea offers exceptional agricultural potential with 13.9 million hectares of arable land. Each natural region of the country brings unique opportunities. Lower Guinea, with its cultivation of pineapples, mangoes, avocados and bananas, is distinguished by a concentration of abundant fishing resources. Livestock-focused Middle Guinea also offers conditions suitable for growing vegetables, tomatoes, onions, and more. Upper Guinea, savannah land, is favorable for the cultivation of cotton, tubers and forest products. Finally, Forest Guinea, with its equatorial climate, allows the production of crops such as cocoa, tea, oil palm and Ziama coffee.

Mining

Guinea is renowned for the exceptional quality and abundant quantity of its mineral reserves. With two thirds of the world’s bauxite reserves estimated at more than 40 billion tonnes, the country is the world’s second largest exporter of this ore. High-quality iron deposits, significant reserves of gold, diamonds, silver, manganese, granite, and more, make Guinea an invaluable mining treasure. The potential is also significant for base metals such as copper, lead, zinc, cobalt, manganese, and nickel.

Energy

Guinea stands out for its immense hydroelectric potential, estimated at more than 6,000 MW, of which less than 10% is currently developed. With 1,165 rivers crossing the country and significant rainfall, the potential is colossal. Additionally, the country also exploits solar and wind resources. The hydrocarbon sector benefits from significant oil reserves in its territorial waters, covering an area of ​​60,000 km².

Infrastructures


Massive investments in basic infrastructure demonstrate Guinea’s commitment to economic development. With a road network of 45,301 km, 30% of which is paved, the country facilitates travel and commerce. The modernization of the Port of Conakry and the construction of a deep water port strengthen logistics capacities. Cross-border railway projects and national fiber optic networks contribute to increased connectivity.

Tourism

Guinea offers a variety of landscapes, from savannah to high plateaus and green forest. This diversity translates into unique tourism opportunities. History and culture enthusiasts can explore the remains of the slave trade, the Sosso Bala from the time of the Sundiata Keita Empire, and century-old mosques. Nature lovers can enjoy Mount Nimba, a biosphere reserve and UNESCO World Heritage Site. Trekking enthusiasts enjoy the green trails of the Fouta plateau, and beach lovers have the choice between the beaches of Sobanè and Bel-Air or the archipelago of the Loos islands.

Information and Communication Technologies

The telecommunications sector in Guinea is experiencing significant growth, supported by significant investments. The mobile penetration rate reaches 111%, and that of the internet is 52.9%, with 3G and 4G coverage throughout the country. Mobile Money is constantly growing, with 20% of current users. Major projects, such as the landing of the ACE submarine cable, a 100 km metropolitan fiber optic network, and a 4,200 km backbone network throughout the national territory, strengthen the country’s communications infrastructure.