The Guinean economy saw a strong revival of economic activities, thanks to investment in the farming and mining sectors.
A lack of public investment in river transportation means that the sub-regional facilities are now somewhat dilapidated. Several projects are in the pipeline to develop transportation beyond the region of Upper Guinea and thereby help to improve trade.
The country has the potential to greatly develop its maritime and river transportation links because it opens out onto the Atlantic Ocean and has several rivers that can be used for four months per year.
“The country could take advantage of its geographical position and its new-found stability to become an economic hub in the sub-region. If road infrastructure is improved then the country could transport a large part of the trade to and from the subregion, particularly goods heading to landlocked countries, such as Mali, via the Port of Conakry.”
African Development Bank, 2012
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 agroindustry. Remittances from Guineans living and working abroad and coffee exports account for the rest of Guinea’s foreign exchange.