From independence in 1958 until 2010 Guinea was a nation under authoritarian rule. Consecutive Democratic elections have been held since 2010. Despite large amounts of natural resources (including the world’s largest deposits of bauxite) Guinea remains a poor nation. Its current uptick in political stability may bode well for future investors.
- Country Profile
- Land Mass/Major Cities – Guinea’s capital city is Conakry, and it borders the Atlantic Ocean, Guinea Bissau, The Gambia, Mali, Liberia, Sierra Leone, and Cote d’Ivoire.
- Languages – Fulani (Peul), Malinke, Soussou, Guerze, Kissi, Toma
- Business Activity
- Agriculture – Bananas, cassava, cattle, cocoa, coffee, goats, mangoes, palm kernels, pineapples, potatoes, rice, sheep, sweet potatoes, and timber
- Industries – Agricultural processing, bauxite, diamonds, gold, iron ore, and light manufacturing
- Natural Resources – Bauxite, diamonds, fish, gold, hydropower, iron ore, salt, and uranium
- Exports – Agricultural products, bauxite, coffee, diamonds, gold, and fish
- Imports – Foodstuffs, machinery, metals, petroleum products, textiles, transport equipment
- Major Trading Partners – Belgium, China, Germany, France, India, Ireland, Netherlands, Spain, and Ukraine
Source: CIA. (2017). The World Factbook: Guinea. CIA. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/geos/gv.html