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Business / Trade in Guinea

  • China welcomes Guinea to take part in Belt and Road Initiative

    CHINA, 2017/09/07 China welcomes Guinea to participate in the Belt and Road Initiative, a move that will benefit the peoples of both nations, Chinese President Xi Jinping told his Guinean counterpart Alpha Conde on Tuesday. Conde is in the southeastern coastal city Xiamen to attend the Dialogue of Emerging Market and Developing Nations on the sidelines of the ninth BRICS summit.
  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Africa: 'Market Information Gap Threatens U.S.$400 Billion Intra-Africa Trade'

    BOTSWANA, 2017/07/14 Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential. Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration. Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
  • Tripartite Free Trade Area plods along slowly in Africa

    BOTSWANA, 2017/06/24 Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%. However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations. Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.  
  • Importers threaten to increase prices of goods if government implements tax to fund African Union

    BOTSWANA, 2017/06/15 Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU. Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers. Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
  • Benjamin Nentanyaho to Draw Israel's Attention Trade in West Africa

    ISRAEL, 2017/06/06 Long before the civil war, Israel had cemented its feet on Liberian soil. The Executive Mansion, until the demise of Samuel Doe, stood as a testament to Israeli handiwork as the seat of the Liberian presidency for decades. "The visit of PM Netanyahu will draw the attention in the Israeli business community to the opportunities in this region, and will bring along additional Israeli companies to have trade and investments in the region, Actually, the initial one is by presently here."
  • Prime Minister Netanyahu - Israel Coming Back to Africa

    ISRAEL, 2017/06/06 The Prime Minister of Israel Benjamin Netanyahu has cautioned Heads of States and Government at the ECOWAS 51st Ordinary Summit session held at the Farmington Hotel in Harbel that there is so much that need to be done for the betterment of the people of the ECOWAS region. High on the schedule at the conference was political, economic and security concerns within the region. Having slammed the rising wave of terrorism in Africa and the world, the Israeli PM said the terrorists worship death by murdering indiscriminately but added a collaborative effort can defeat them.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • East Africa: Region's Exports to EU Face Tough Conditions

    ITALY, 2015/09/13 Mistrust has emerged part the East African Community partner states over Tanzania's commitment to the Economic Partnership Agreement that would give the region's goods business-free access to European markets. Tanzania is likely to delay the signing and ratification of the EPA document on the grounds that it was rushed through. Dar es Salaam has threatened not to sign the transaction before its concerns on contentious issues are addressed. The region has until December 31 to sign the transaction with the European Union or go back to the negotiating table.
  • Alpha Conde, President of the Republic of Guinea paid a one-day working visit to the Republic of Sierra Leone

    GUINEA, 2015/02/14 Within the framework of the Mano River Union, His Excellency Professor Alpha Conde, President of the Republic of Guinea and, in his capacity as Chair of the Mano River Union (MRU), paid a one-day working visit to the Republic of Sierra Leone on Tuesday 10th February, 2015. The purpose of the visit was for the two Heads of National to engage in an exchange of views on evolution made and remaining challenges with respect to the unprecedented outbreak of the deadly Ebola Virus Disease (EVD) that has engulfed the three MRU member states and, to reflect on the national and sub-regional dimensions of post-Ebola recovery programmes. The two Heads of National shared concerns and experiences on the scope and magnitude of the spread and impact of the Ebola outbreak on the social, economic, cultural and traditional norms and practices of their respective societies. They as well discussed ways of cooperating and collaborating at all levels with a view to containing and eradicating the Ebola Virus Disease in the Mano River Union basin and, to pave the way for robust transitional inclunding medium to long term socio-economic and cultural recovery programmes in the three affected nations.