Guinea

Republic of Guinea

French Guinean Franc (GNF) French civil law, customary law
AU, ECOWAS, AfCFTA, OIC, WTO
Guinea holds the world's largest bauxite reserves and is among the top global producers, with major operations by Guinea Alumina Corporation (EGA/Mubadala), Societe Miniere de Boke (SMB/Winning Consortium), and Compagnie des Bauxites de Guinee (CBG). The Simandou iron ore deposit in southeastern Guinea is the world's largest untapped high-grade iron ore reserve, with the Rio Tinto/Winning consortium developing blocks 3-4 and blocks 1-2.

Mining dominates the economy, alongside agriculture (rice, coffee, palm oil), fisheries, and hydropower potential. Guinea has significant undeveloped gold and diamond resources. The country is governed by a military transitional government following the September 2021 coup.

Challenges include political uncertainty regarding the democratic transition timeline, infrastructure deficits (particularly road and rail to mining sites), limited electricity access, and weak governance institutions.
Snapshot Focus Sectors Regulations & Taxes Businesses (103) People

Snapshot

Population~15.8 MWorld Bank WDI
GDP (current USD)$27.5 BIMF WEO
GDP per Capita$1,570IMF WEO
GDP Growth5.60%IMF WEO
Inflation (y/y)~8.40%Central Bank / IMF
Policy Rate11.50%Central Bank
Internet Use~35.00%World Bank WDI
Electrification~47.00%World Bank WDI
CPI Score (Rank)25.0/100 (#147)Transparency Intl
HDI (Rank)0.465 (#182)UNDP HDR

Focus Sectors

Bauxite Mining (world's largest reserves)
Gold
Iron Ore (Simandou)
Agriculture
Fishing
Diamonds
Energy (hydro)

Regulations & Taxes

Corporate Income Tax25% standard
VAT / Sales Tax18% standard

Business Directory (103)

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AN

AngloGold Ashanti Guinea

Corporate

Major gold producer

Siguiri
BC

BCRG - Banque Centrale de la République de Guinée

Non-profit

Central bank since 1960

Conakry
BI

BICIGUI - Banque Internationale pour le Commerce et l'Industrie de la Guinée

Corporate

Major commercial bank

Conakry
BO

Bolloré Logistics Guinea

Corporate

Port and logistics operator

Conakry
BO

Boubou Guinée Textile

Non-profit

Iconic traditional fabric

Labé
BR

Brasseries de Guinée

Corporate

Main brewery

Conakry
CB

CBG - Compagnie des Bauxites de Guinée

Corporate

World's largest bauxite producer

Sangarédi
CB

CBK - Compagnie des Bauxites de Kindia

Corporate

Kindia bauxite operator

Kindia
CH

Chamber of Commerce Guinea

Non-profit

National chamber of commerce

Conakry
CI

Ciment de Guinée

Corporate

Cement producer

Conakry
CO

Conakry International Airport

Corporate

Main international airport

Conakry
CO

Conakry-Kankan Railway

Corporate

Historic railway line

Conakry
View all 103 businesses

Tenders

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Recrutement d'un Coordinateur de l'Unité de Gestion du PRU-APN

World Bank-financed: Emergency Response and Nafa Program Support Project

Agence de Vérification Indépendante (AVI) chargée de surveiller les Contrats basés sur la performance (CBP) du PEAG

World Bank-financed: Guinea Water and Sanitation Project

Acquisition des équipements de gestion des déchets biomédicaux (10 Incinérateurs et broyeur de verre) en faveur des régions de Boké, Mamou, Labé, Faranah et N'Zérékoré.

World Bank-financed: Guinea Enhancing Health System Transformation (GUEST) Project

Data Notes: Population, GDP, and GDP per capita are latest IMF WEO / World Bank estimates. Inflation is year-over-year. Trade data from UN Comtrade/OEC (2023). Tax rates from PwC/KPMG country guides. CPI from Transparency International. HDI from UNDP Human Development Report.
Narrative last updated: April 8, 2026.