Guinea Overview

Guinea’s landscape is naturally blessed – hence the bottomless love Guineans have for their country. Guineans are proud of their nationality and have stood together through difficult decades.

Guinea has one of the world’s largest reserves of bauxite—the ore that, twice refined, makes aluminium and Guinea's mineral wealth makes it potentially one of Africa's richest countries.

Economic hope for Guinea and it’s people comes from companies like Anglo African Minerals plc who present an unprecedented opportunity for economic development in Guinea. It is widely believed that the extraction of natural resources, rather than foreign aid, offers the greatest chance of economic progress for Guinea.

•Peaceful since Independence (1958) – only country in region to have avoided civil war.

•Election of Civilian Government Nov. 2010 – peaceful and transparent.

•New Mining Code in place since 2011

•Legislative election and constitution of a Parliament – peaceful and transparent.

•Offers a range of guarantees and tax incentives to new investors.

•Foreign investors can own up to 90% of any new venture in Guinea.

•Numerous international mining companies operating in-country.

•Mining sector contributes 25% of national income: Dominated by bauxite = 20% of GDP and 90% of exports.

Guinea Information

Full name: The Republic of Guinea
Population: 10.62 million (UN, 2014)
Capital: Conakry
Area: 245,857 sq km (94,926 sq miles)
Major languages: French, Susu, Fulani, Mandingo
Major religions: Islam, Christianity, indigenous beliefs
Monetary unit: 1 Guinean franc = 100 centimes
Main exports: Bauxite, alumina, gold, diamonds, coffee, fish, agricultural products
GNI per capita: US $430 (World Bank, 2011)
International dialling code: +224