Guinea

Overview

Guinea, officially Republic of Guinea is a country in West Africa, formerly known as French Guinea. Guinea's territory has a curved shape, with its base at the Atlantic Ocean, inland to the east, and turning south. The base borders Guinea-Bissau and Senegal to the north, and Mali to the north and north-east; the inland part borders Ivory Coast to the south-east, Liberia to the south, and Sierra Leone to the west of the southern tip.

Economy

Guinea is a poor country that possesses major mineral, hydropower, solar power, and agricultural resources. Guinea has historically been an exporter of agricultural commodities, but in recent years has shifted to importing the majority of food crops. Bauxite is Guinea’s main mineral resource as well as its main source of foreign currency. Guinea is the second largest producer of bauxite in the world and has the largest reserves of bauxite, estimated at 29 billion tons. The country also has significant iron ore, gold, and diamond reserves. However, Guinea has been unable to profit from this potential, as rampant corruption, dilapidated infrastructure, and political uncertainty have drained investor confidence. International investors have expressed keen interest in Guinea's vast iron ore reserves, which could propel the country's growth. The government in April 2013 amended the September 2011 mining code to reduce taxes and royalties. Longer range plans to deploy broadband Internet throughout the country could spur economic growth as well. The biggest threats to Guinea’s economy are political instability and low international commodity prices.

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31 Matters
Call us with your telecommunications law questions

Advice on the implementation of new software

We advised a major mobile phone retailer on the regulatory regime and legal risks for the implementation of its new software across ten... More

Due diligence in mergers and acquisitions.

Mergers & acquisitions in Guinea's energy sector

Acting for two energy-and-commodities companies, we assisted on a transaction to acquire the African downstream assets of an international... More

Expanding your NGO.

Regulatory advice for a NGO – Guinea

We advised a major US-based international NGO on the rules and procedures for establishing in Guinea, hiring staff and opening an office.... More

Issuing and maintaining shares.

Share advice - Guinea

We advised a multinational corporation on issuing and maintaining shares in Guinea. We ensured that the client had a thorough understanding... More

Making mining decisions the right way.

Iron ore project - Guinea

We advised the Guinean Government on an iron ore project. Our legal assistance included an analysis of all relevant environmental and... More

Finding banking law advice.

Lease agreement advice - Guinea

We advised a banking company financing projects and equipment and reviewed their master lease agreement as well as the supporting... More

Facilitating international development.

Development programs in 7 African countries

We advised an international development company, which implements three to six-year international development programs funded by the United... More

Banking on our team for finance law.

Offering financial services in Guinea

We advised a leading American financial institution providing merchant banking services on the relevant laws and regulations pertaining to... More

Secured loans and corporate structuring.

Secured loans - Guinea

We advised a London-based equipment leasing company on its expansion into Guinea. We provided advice in relation to local structure as well... More

Helping expand world-leading companies.

Company expansion in Guinea

We advised a world-leading port maintenance and underwater dredging company on several aspects of their preliminary investment in Guinea.... More

Operating aircraft within the law.

Aircraft operation - Guinea

We advised an aircraft finance division of a major industrial company and on the basic regulatory framework for operating aircraft in... More

IPP & regulatory environment review

Detailed review of IPP & regulatory environment across African countries

Working in partnership with a City of London law firm, we reviewed in detail the regulatory environment for establishing an Independent... More