Guinea: Alpha Condé wants to continue improving the incentive framework for investments

Guinean Alpha Condé wants to make his country a destination popular with investors.

Guinean President Alpha Condé urged the ministerial departments concerned to continue to improve the incentive framework for investments in Guinea, says the minutes of the council of ministers held earlier this month.

According to Mr. Conde, this is about « making our country a destination of choice for investors ». « He appreciated the recognition by the World Bank’s Doing Business team of Guinea’s efforts with Côte d’Ivoire and Togo, among the three most reforming countries in French-speaking sub-Saharan Africa, for the 2019 edition. « Continues the document.

Indeed, the country broke its own record for the third year in a row in the ranking of reforming countries in the business environment (152nd against 151st in the previous ranking). In particular, Guinea implemented five reforms included in the Doing Business 2019 report. Reforms include business start-ups, building permits, transfer of ownership, cross-border trade and the execution of contracts.

As a reminder, the country had set up, in 2017, a Private Investment Promotion Agency (APIP) to facilitate the creation of business registration. At the end of June, the organization launched a national system for registering companies, called SYNERGUI.

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