As the result of high efforts by the government of Guinea-Bissau, the development is beginning to take its shape. International investment is coming to invest in all sectors of the economy and various deals are being finalized and a huge potential of growth in jobs and infrastructure is also being predicted. The governmental agencies such as the Guinea-Bissau Investment agency are also taking serious steps in the economic development and provide the investment and financial advice in Guinea-Bissau. The cooperation and equal participation of both the government and the agency is simply reflecting in current footfall of global trade activities in the country.
The main target of the agency is to build the bridge of trust and compatibility between investors and the government. Some of the important Investment and financial advice Guinea-Bissau provided by the agency can be pointed as follow:
- Find and solve the complications in the way of investment.
- Providing information about the availability of raw material and skilled manpower.
- Suggesting the investors about the potential fields of investment.
- Presenting the fair report about the business environment of the country.
- Facilitating the investors by offering online support to all interested investors.
The agency is headed by well-known economist and strategic advisor Mr. Carlo Scavola. His efforts align with the development policies of the government to facilitate the investors with suitable business conditions and securing a better future for the people of Guinea-Bissau.
Blessed with an unmatched natural beauty, Guinea-Bissau is emerging as a latest hotspot on the map of the global tourism industry. Situated on the very north-west coast of the African continent, the country has a pleasant climate all over the year. One of the Portuguese colonies in the past, it attracts the European tourists, no doubt mainly from Portugal. Exotic beaches and amazing landscapes are capable enough to attract any tourist. As a surplus feature the people are very used to with the Portuguese language. The tourism sector holds higher potential to provide investment opportunities in Guinea-Bissau.
Just as any other African country, Guinea-Bissau is also suffering from lack of resources. An unexceptionally rich natural beauty is yet to be discovered and exploited for the benefit of local people and the improvement of the economy as well. A comprehensive, detailed and resourceful business strategy is the need of time. The tourism sector is waiting for international investors and their business know-how. Government of Guinea- Bissau is also determined for development of tourism sector in the country. Special attention to infrastructure and communication sector is also being given.
Even after the presence of large potential of investment opportunities in Guinea-Bissau in this sector, there are still many problems that are needed to be cured first. Negative reputation, presence of the international drug mafia, lack of basic amenities (good hotels, transportation and very expensive services) and high rate of HIV cases are some big challenges to overcome .
One of the poorest economies in the world, Guinea-Bissau represent the common picture of an average African country. Poverty, illiteracy, political instability but enriched with natural resources, but lack of funds to exploit them. The life standard of the people is hopelessly below as per the recommendations of WHO. The entire financial practices are depending on agriculture and fisheries. But the real money making field is illegal trafficking of narcotics. The country is the biggest producer of cashew in the world. The main exports of Guinea Bissau are raw cashew and seafood along with a very small amount of timber and peanuts.
Due to a long political crisis, the economy experienced a widespread damage and loss of infrastructure. To provide an emergency budgetary support to Guinea-Bissau, the IMF and World Bank had stepped forward with financial remedy. As a result of international support, the country is changing its path. The government is stable now and focusing on improvement of the financial condition of the country and life of its people as well. Various infrastructural changes are being planned and implemented to attract the global business investor in Guinea-Bissau. IMF sponsorship to the economy, create the faith in the national currency. Many initiatives are offered to increase the business investment opportunities in Guinea-Bissau.
When the country is recovering from its painful past, there is high potential for development in each sector.
The African republic of Guinea-Bissau is fast scaling up new avenues of scope and development after civil issues. The country was not scaling up despite its resource and human labor, and natural resources. But now things are changing.
The country has been scaling up to new avenues of achievement and that it is fast gearing up to improve its efficiency and foreign investment. There are investors who are investing in the country because the country’s list of natural resource and its credential. The country is fast scaling up to new avenues and its natural resource are attracting natural resources.
Why it makes sense to invest in Guinea-Bissau?
The country provide alternative in the type of functional industries. You can set up natural resource powered factories
The country provides some important type of functional solution With its vast natural reserves and improve return on investment, it provide a great alternative to ensure investment. To know about investment and financial advice Guinea-Bissau, you can contact the authority or African investment promotion agency in Guinea-Bissau. You can ask about the type of investment you want to set up, the risks involved and the functionalities that you would need to obtain. There are specialized help you can ask
Guinea-Bissau is presented as a tiger of West Africa, which is ready to conquer the business of the continent. The Guinea-Bissau financial investment service is the governmental agency that helps global investors in their potential areas to invest in the country. It offers the assistance in relation of network of suppliers, banking services, local labor-logistics, local corporations, import and export of materials etc.
A whole spectrum of small investment opportunities in Guinea-Bissau is waiting. Here are some major areas that promise lucrative returns on smart investment.
- Agro processing: The country is traditionally agricultural producer and importer of processed food items. Here is a huge demand of imported juices such as oranges, mangoes, tomatoes and others. The cashews are exported at a very cheap price in lake of proper roasting and packaging facilities. The sector holds huge potential.
- Livestock: The livestock of the country is mainly limited till the farming sector. Even there are plenty of land available and very positive climates, there are no proper ranches. There are tremendous possibilities of return on investment forecasted here.
- Fisheries: the coasts of Guinea-Bissau have a rich marine life. But 90% of the fishing is done by using the non professional and traditional methods. Global fisheries companies can change the pictures with their resources and technology.
- Manufacturing: The national investment company Guinea-Bissau along with government is taking serious steps towards developing a wide level construction that is going to take place all over the nation. It will simply benefited to both the economy and the investors.
Guinea-Bissau, located on the east coast of African Continent is a well known country with the most promising financial opportunities. The economy of the country has left behind the history of unstable political environment and financial depression for many decades. It has become the hot favorite investment destination among all the African countries. Since all the major political parties have joined hands to bring the development and prosperity by political stability, IMF has also taken the initiative by providing the funds for reforms at the structural level.
Guinea-Bissau Investment Agency is the government authority which aims to guide and assist the foreign and domestic investors to find out the business opportunities in the country and start up their business. The agency works under the leadership of Mr. Carlo Scavola, the internationally acclaimed economist, who is appointed to encourage the investment and provide further services related to financial investment and advice to Guinea-Bissau government. The agency acts as advisor and strategy planner to the government and business facilitator to the foreign investors.
As a recent development, the country has joined the CFA Franc Monetary System as a member that gives a straight message to the investors that the currency of the country is guaranteed by the government of France. The government of Guinea-Bissau has clearly shown its intention and commitment towards the financial evolution of the country and better future of its people. Overall the economic scenario of the country is very optimist for the investors to start up their business in Guinea-Bissau.
It is not the very past when this country was just known as another African country indulged in political instability and financial crises. But the time has changed now. Guinea-Bissau has now recovered from its painful past and is looking forward towards a better and improved life for its people. A wide range of investment opportunities in Guinea-Bissau is ready to welcome the investors from all around the world to start up and successfully operate their business.
Enriched with the unutilized natural and human resources, the economy of Guinea-Bissau can be compared to an un-cut and unfinished stone which can be turned into a precious gem. The country has extremely thriving potential for the tourism industry with the natural beauty of coasts, beaches and wildlife that are still unexplored. Tourism is the most inviting sector as the entrepreneur investment opportunity in Guinea-Bissau. There are massive investment opportunities in other sectors also such as fisheries, agriculture, live feedstock, telecommunications, infrastructural construction and manufacturing. Further, the capital city- Bissau is the main port city and holds all potential to be a center of all import-export activities in future.
Investment in all the above mentioned sectors will not only lead the economy towards social and infrastructural development but will also provide the gateway to more entrepreneur investment opportunities in Guinea-Bissau. The underdeveloped condition of the country is the most suitable investment opportunity in Guinea-Bissau to make profits while contributing to the development of the nation. Investing here is beneficial for both the investors and the locals as it will result in profit to investors and better employment and life-standard to the people.
Best known for his economic strategies and investment decisions, today Carlo Scevola is world known personality in the world of finances. His expertise in the field of finances can be estimated from the fact that in 2014, he was not only appointed as an advisor to the Prime Minister of Guinea Bissau but was also asked to lead the Guinea Bissau National Investments agency on global platform. It is his expert knowledge that has made him world known personality.
Today, he has firm by the name of “Carlo Scevola & Partners” that is running successfully in six continents of the world. Providing all kind of financial and investment advices for any business, Carlo Scevla & Partners has placed itself as an international law firm that runs independently of its every office. As the firm operates in accordance of their office’s local jurisdiction, on global map the “Carlo Scevola & Partners” is seen as an international group of companies.
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