The Spectrum > Africa

GUINEA – GATEWAY TO ECOWAS & AFRICA

Guinea, officially the Republic of Guinea is a country on the western coast of Africa. Formerly known as French Guinea, the modern country is sometimes referred to as Guinea-Conakry in order to distinguish it from other countries with “Guinea” in the name and the eponymous region, such as Guinea-Bissau and Equatorial Guinea.

Guinea is a republic. The president is directly elected by the people and is the head of state as well as government. The unicameral Guinean National Assembly is the legislative body of the country, and its members are also directly elected by the people. The judicial branch is led by the Guinea Supreme Court, the highest and final court of appeal in the country.

The Economic Community of West African States (ECOWAS) was established on May 28, 1975, via the Treaty of Lagos, ECOWAS is a 15-member regional group with a mandate of promoting economic integration in all fields of activity of the constituting countries.

DEMOGRAPHIC OVERVIEW

ECONOMIC COMMUNITY OF WEST AFRICAN STATES

Guinea is one of the founding members of ECOWAS and boasts one of the best business-friendly environment within the region.

Since The Spectrum SARL is based in Guinea, we have very strong relationships & business channels across the ECOWAS region making us the right choice to explore the opportunities of this economic cooperation & integration among West African states.

With our presence & experience in this region, we have found many gaps in the economic system prevalent in these countries and based on that we prioritized certain lines of businesses which we feel need to be filled up immediately and could potentially prove to be very viable considering the current micro and macro factors in the region.

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Why AFRICA?

The African continent arguably presents a wealth of opportunity to all and the factors maneuvering the recent surge towards Africa are as follows

  • RAPID URBANIZATION
  • POPULATION BOOM
  • ABOUNDING NATURAL RESOURCES
  • VAST EXPANSES OF ARABLE LAND
  • RECENT POLITICAL STABILITY
  • INFRA STRUCTURE DEVELOPMENTS
  • BOUNDLESS COASTAL LINE
  • NEW PORTS & GLOBAL ACCESS
  • ABUNDANCE OF HUMAN CAPITAL
  • LACK OF TRADITIONAL TRADE ROOTS
  • INCREASE IN FDI FROM CHINA U.S & M.E
  • INCREASING BUSINESS FRIENDLINESS