Category Archives: Guinea News

Guinea 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 […]

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

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 […]

AfriLabs Network Expands to 45 African Countries

Afrilabs

Abuja, Nigeria AfriLabs, the largest pan-African network of technology and innovation centres, has admitted 27 new hubs into her network, extending her reach into 6 new countries and 12 new cities. The new countries are Guinea, Mauritius, South Sudan, Libya, Tunisia and Botswana. This brings her membership to a total of 158 Hubs in 45 […]

Anglophone West Africa’s brightening economic prospects

Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s (www.Ecobank.com) research team in the newly published Anglophone West Africa section of its flagship financial website, AfricaFICC(goo.gl/CduKLQ). Nigeria, Africa’s largest economy, is at last […]

Paths of Profit, Not Destruction

Last year, Nigeria took a major economic hit — the country was losing approximately 700,000 barrels of oil per day as militants in the Niger Delta (such as the Niger Delta Avengers) targeted key Critical Energy Infrastructure Assets (CEIA) – such as pipelines, gas & oil platforms, etc.…-  both onshore and offshore. The unanticipated loss […]

Guinea: SMB-Winning announces a US $ 3 Billion Investment

In 2018, the SMB-Winning consortium will launch feasibility studies for the construction of an alumina refinery and a railway line to be built by 2022 The SMB-Winning consortium (http://SMB-Guinee.com), a major player in the bauxite sector, presented to His Excellency Alpha Condé, President of the Republic of Guinea, a project to build an alumina refinery […]

AfDB launches pilot programme to cultivate the savannah in eight African countries

  The savannahs of Africa cover a mind-boggling 600 million hectares, of which 400 million hectares are cultivable, the President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, has said. But just 10% of this is cultivated, a mere 40 million hectares, Adesina said Wednesday, while speaking at a session titled “Transformation of the African Savannah […]

IMF Reaches Staff-level Agreement with Guinea

IMF staff and Guinean authorities have reached a staff-level agreement on a program of economic policies and reforms that could be supported by an Extended Credit Facility (ECF) arrangement. The program will support Guinea’s 2016–20 National Social and Economic Development Plan to foster higher and more broad-based growth, and reduce poverty while maintaining macroeconomic stability […]

Guinea: Real growth is expected to 6.7% in 2017

Significant progress was made in discussions of the economic policies and reforms that could be supported by a new IMF arrangement Real growth is expected to 6.7% in 2017 supported by dynamic activity in the mining and construction sectors and good agricultural performance; Average inflation would remain moderate at 8.5 percent in 2017. An International […]

Guinean Delivery Unit initiates a partnership to reclaim leadership position in pineapple exports to the European Union

A leading exporter up until the 1970s and recognized for the quality and variety of its pineapples, including the Cayenne Lisse, Baroness of Rothschild and Queen Victoria, Guinea has been absent from major fresh pineapple consumer markets in recent years The Delivery Unit, under the Office of the Prime Minister of Guinea (DU), the Ministry […]

Guinea: IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects

IMF Staff Completes a Staff Visit to Guinea Economic activity in Guinea is rebounding, with signs pointing toward continued growth over 6 percent. Fiscal consolidation including increased revenues and reduced government spending have brought the basic budget deficit down to 0.7 percent of GDP in 2016. IMF sees raising infrastructure spending while maintaining macroeconomic stability […]

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 […]

InterCEL + and Cambridge Broadband Networks (CBNL) build breakthrough Wireless Network to boost Broadband in Guinea

The project is set to provide a significant boost to local economies across Guinea, offering businesses affordable access to fibre-like broadband speeds that enable a wealth of advanced communications Network to deliver the high-speed internet of the ACE fibre system to businesses in under-served regions First phase up and running in Conakry, offering up to […]

UK Trade Mission visit in Guinea

A UK trade delegation visited Guinea from October 31 to November 3, 2016 to meet with local mining companies. The objective of this mission was to meet with mining stakeholders in Guinea to find business and partnerships opportunities. The delegation included representatives of some companies such as Concrete Canvas, PW Mining International Limited, SRK Consulting, […]

Commodities, Rainfall, Instability Biggest Challenges —African Ministers

Rising inflation, drops in currency due to political instability Low commodity prices adding to fiscal pressures Help from international community “paramount” Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers said during the IMF-World Bank Spring Meetings in Washington D.C. Ministers from four of the […]

The Diamond Industry and African Socio-Economy

Neoliberal reforms in Africa, increasing global commodity prices and rising global resource demands have led to significant economic turnovers within the recent past decade for some African nations – Libya, Ivory Coast, Ghana, Nigeria, Liberia, Sierra Leone, South Africa, Egypt, among the rest .  In accordance, there has been a substantive growth in the extractive […]

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES)

Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. Financing Agreement reference: 100000038 Project ID No: P-Z1-A00 017 The Inter African Coffee Organisation (IACO)[1] has received financing from the African Development Bank under The Nigerian Technical Cooperation Fund toward the cost of the study for Revitalization of […]

IMF Staff Completes Review Mission to Guinea

An IMF mission led by Abdoul Aziz Wane visited Conakry during December 2-15, 2015, to conduct discussions on the sixth and seventh reviews of the authorities program supported by an arrangement under the Extended Credit Facility (ECF).[1]The IMF Executive Board approved the arrangement for Guinea on February 24, 2012 for SDR 128.52 million, about US$ […]

Dangote Group’s Joseph Makoju, Akon Lighting Africa and the AfDB big winners at West African Power Industry Awards in Lagos

200 top power professionals gathered for 2nd edition of coveted awards Joseph Makoju, Honorary Advisor for the Dangote Group, was honoured with the  Lifetime Achievement Regional Award during the sold-out gala dinner at the West African Power Industry Awards in Lagos on Tuesday evening. Akon Lighting Africa scored a double nod of approval from the […]

African policy-makers take stock at inaugural infrastructure meeting in Abidjan

At the close of a week-long meeting in Abidjan,  Ivory Coast, African policy- makers   re-committed   themselves   to  accelerating   infrastructure  development   across  the continent to further strengthen regional integration and boost economic growth. More than 150 participants including senior government officials, representatives  from continental organizations  and the private  sector  gathered  in the Ivorian capital for the […]

The African power landscape – A continent on the tipping point?

The African power mix, the rise of renewables, infrastructure investment and the role of temporary power. Would this year’s Africa Energy Forum have the same stories of promised projects? The “Africa is open for business” message? The same sense of pent-up desire for electrification mirrored only by frustration and a lack of movement? Thirty six […]

It’s Not Just about the Money: To Change the World We Must Change Ourselves

The Mediterranean sea has become a graveyard for Africa’s youth. Every day, we see images of what would appear to be a continent racked by conflict and poverty, and people risking – often losing – their lives in an attempt to flee . Yet Africa has 11 of the 20 fastest growing economies in the […]