Wednesday, November 20African Digital Business Magazine

Guinea News

Guinea News

Accelerating the deployment of renewable energy will save West African countries hundreds of millions of dollars by the end of decade, says Wärtsilä
Energy, Guinea News, Mauritania, Senegal News

Accelerating the deployment of renewable energy will save West African countries hundreds of millions of dollars by the end of decade, says Wärtsilä

A strategy shift in favour of renewables will bring significant economic advantages as power systems are expanded. Speaking last week at the West Africa Energy Transition Forum in Dakar in the presence of key energy decision-makers, experts from Wärtsilä shared insights on the impact renewables will have on power system cost, flexibility, and stability in West Africa. They presented the results of their latest study which investigates Senegal’s optimal power system expansion. The study revealed that speeding up the deployment of renewable energy beyond what is currently planned will lead to a staggering $700 Millions of savings until 2035, primarily because of the massive decrease in fuel costs that it will generate. Significant cost savings are also expected in other West African countri...
Ethiopia News, Guinea News, Main, Mali News

African Growth and Opportunity Act eligibility requirements under review in three African countries

By Virusha Subban, Partner and Head of Indirect Tax, Baker McKenzie Johannesburg On 2 November 2021, US President Joe Biden announced that three African countries would be terminated from the African Growth and Opportunity Act (AGOA) trade preference program, unless they took urgent action to meet statutory eligibility criteria by 1 January 2022. The three countries listed were Guinea, Mali and Ethiopia. The US administration cited unconstitutional changes in governments in Guinea and Mali and human rights violations in Ethiopia, due to conflict in the country, as reasons for the termination. The statement announced the intention to provide all three countries with a clear benchmark and pathway towards reinstatement so that valued trading partnerships could be resumed. AGOA eligibility c...
APIP-Guinea announces the inaugural Guinea Investment Forum (GUIF)
Events, Guinea News

APIP-Guinea announces the inaugural Guinea Investment Forum (GUIF)

The Private Investment Promotion Agency (APIP-Guinea), the organisation responsible for promoting private investment and implementing the Government's policy for investment development today announced the inaugural Guinea Investment Forum (GUIF) to take place on 24-25 February 2021 at the Sheraton Grand Conakry. Given the current pandemic, this event will be a hybrid event with attendees joining the event either on a virtual platform or in person. Nampry Camara, Managing Director, APIP-Guinea said: “The Guinea Investment Forum will be the first transactional platform for key investment actors, including: Guinean government, national, regional and international development partners in the Republic of Guinea to consider and discuss project opportunities in Guinea.  Attendees will benefit fro...
Africa Travel, Events, Guinea News

Marriott International debuts First Hotel in West Africa with Sheraton Grand Conakry

Sheraton Hotels & Resorts(www.StarwoodHotels.com/sheraton), part of Marriott International, Inc. (www.Marriott.com), announced the debut of Sheraton Grand in Africa with opening of Sheraton Grand Conakry (www.SheratonGrandConakry.com), welcoming it to the brand’s premier tier of hotels recognized for their exciting destinations, distinguished designs, and excellence in service and guest experiences. The newly built hotel marks Marriott International’s entry into Guinea, West Africa and joins a portfolio of more than 35 Sheraton Grand properties worldwide, with destinations spanning Istanbul, Dubai, Bangalore, Beijing and beyond. “Sheraton has a strong heritage in Africa that dates back to 1971,” said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott In...