The Guinean business climate is a Government priority.
The busines climate in Guinea is a Government priority and in October 2012, President Alpha Candé launched an ambitious program of reforms that included a consultation process with both private sector and civil society. As a result of this program, the reform steering committee is now prioritising the study of trading across the borders, registering property, access to credit and the payment of taxes.
Substantial mining resources but poor infrastructures; very considerable corruption so make sure you get trustworthy advice from a reputable source.
The economy of Guinea depends rice, palm oil, yams and on cash crops such as sugarcane, citrus fruits, bananas, pineapples, peanuts, palm kernels, coffee, and coconuts.
Advantages of investing in Guinea
- Business climate is favourable to private sector development.
- Stable currency thanks to sensible liquidity and exchange rate management.
- Growing trust from donors and the international financial sector.
- New Investment opportunities to be developed in the future.
- Attractive incentives: the Guinean Investment Code.
- Implemetation of simplified company creation process.