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Republic of Guinea

Located on the Atlantic Coast of West Africa, 10° north of the equator with a coastline of 320 km. It shares its borders with Guinea-Bissau, Senegal, Mali, Côte d’Ivoire, Liberia and Sierra Leone. The country has a land area of 245,000 km2.

  • Population: 11.780 Million (2015 estim), with women making up more than half of the population.

  • GDP at market prices (current US$): $6.733 Billion

  • GDP Composition by sector: agriculture: 19.7%; industry: 37.2%; services: 43.1%

 

Mining

 

  • The mining sector in Guinea contributes around 25% of the country’s income, - with bauxite production by far the most important contributor-, and provides 80% of Guinea’s foreign exchange earnings. Gold, bauxite, and diamonds are Guinea’s main mineral exports.

 

  • Guinea possesses the world's largest reserves of bauxite and largest untapped high-grade iron ore reserves (Simandou), as well as gold and diamonds.

 

  • It is the world’s largest bauxite exporter and holds approximately 30% of the world’s known bauxite reserves.

 

  • There are an estimated few hundred tonnes of gold in Guinea in the form of primary and secondary deposits. Primarily located in Upper Guinea, particularly in the Siguiri basin, these deposits are used for artisanal, semi-industrial and industrial purposes.

 

  • The major known deposits of diamonds are located in the Kérouané, Kissidougou and Macenta prefectures, along the Baoulé, Milo and Diani rivers. Other discoveries have been made in Western Guinea, particularly west of Kindia and, less frequently, near Forécariah. These diamonds are generally of a high quality with a marked predominance of jewelry-quality stones. Total resources are currently estimated at 25 to 30 million carats, but actual potential is unknown at present.

 

  • A new mining code introduced in mid-1995 offers a range of guarantees and tax incentives to new investors, who may now own up to 85% of any venture in Guinea.

 

 

 

Agriculture

 

  • Guinea has tremendous agriculture potential offering numerous opportunities for accelerating growth and creating lasting jobs.

  • Only 2.6% of Guinea's arable land area is cultivated. Agriculture accounts for 24% of GDP and engages 84% of the active population. 

 

  • Agricultural activities have long been focused on traditional food production, focusing on crops such as rice, cassava, corn, yams, bananas, sweet potatoes, fonio, peanuts, mangoes and pineapples.

 

  • Ideal agro-climatic conditions, with a stable temperature, abundant rainfall and sunshine

 

  • The country lacks the capital and technical knowledge needed to benefit from its natural resources.

 

  • The Government has identified agriculture as a key area of growth on the same level as mining

 

  • The private sector plays a leading role in developing a modern sustainable and productive agricultural sector notably in the sectors of supply, production, marketing and agricultural services