Conditions for Doing Business in Guinea-Bissau
Guinea-Bissau: flow of FDI in 2018 - 17,3 mln US Dollars (at current prices, UNCTAD)
FDI - Foreign Direct Invetsment
Africa Capacity Index (ACI) 2019
Since 2011, the African Capacity Building Foundation (ACBF – specialized agency of the AU, located in Harara, Zimbabwe https://www.acbf-pact.org/) publishes an annual Africa Capacity Report (ACR).
The ACR measures and examines the capacity of African countries to pursue their development agenda, focusing on key determinants and components of capacity for development. ACBF defines capacity as the “ability of people, organizations, and society as a whole to manage their affairs successfully” and capacity development as the process by which “people, organizations, and society as a whole unleash, strengthen, create, adapt, and maintain capacity over time.
Capacity of African countries, examined in ACR, is reflected by Africa Capacity Index (ACI). The ACI - is a composite index computed from a quantitative and qualitative assessment of four sub-indices or indicator “clusters” on a specially designed questionnaire. “The policy environment cluster” considers the conditions that must be in place to make transformational change and development possible. “The processes for implementation cluster” assesses the extent to which countries are prepared to deliver results and outcomes. “The development results at country level cluster” refers to tangible outputs that encourage development. And “the capacity development outcomes cluster” measures change in the human condition.
Guinea-Bissau ACI 2019 Rank 46 Score 24.0
Cluster 1 Policy environment for capacity development 69.1
Cluster 2 Processes for implementation 43.2
Cluster 3 Development results at country level 20.0
Cluster 4 Capacity development outcomes 16.9
Incentives and Guarantees for foreign investors
In Guinea-Bissau there is main low which regulates foreign investments juridically – The Investment code (French – Code des investissements) (1991, modified in 1996). Besides this document, economic activity for foreign investors is determined in regulatory enactments on corresponding areas.
The Investment Code of the Republic of Guinea-Bissau provides incentives for investment and guarantees against nationalization and expropriation. Residents and non-residents may hold foreign exchange accounts with permission of the Central Bank of West African States – the BCEAO. Payments and transfers are generally free of restrictions.
The country has some capacity for attracting FDI in the tourism industry. The sector has some potential that includes deep-sea fishing and scuba diving operations on the Bijagos archipelago. The country also has some historical and architectural interest. The sector is yet to be developed.
To increase its outreach to the world market and expand trading opportunities, Guinea-Bissau signed the Convention on the Settlement of Investment Disputes between State and Nationals of other States on 4 September 1991 and is a member of Economic Community of West African States and the Inter-State Sahelien Committee (known by its French acronym, CILSS - Comite permanent inter-Etats de lutte contre la secheresse dans le Sahel), BCEAO, the Union economique et monetaire ouest-Africaine, New Partnership for Africa's Development, African Union and is a signatory of the Cotonou Agreement for renegotiating the partnership links between the African, Caribbean and Pacific countries with the European Union. It also belongs to the Lusophone community, Comunidade dos Paises de Lingua Portuguesa. Most recently, the country was declared an eligible member stated of the United States' market access initiative for African countries - the African Growth and Opportunity Act and is a member of the World Trade Organization [UNCTAD. World investment directory. Volume X. Africa. United Nations. N.Y. and Geneva. – 2008, p. 319].
Ports and harbors - Bissau, Buba, Cacheu, Farim.
Terminal – Bissau, Buba, Cacheu, Farim.
www.nationmaster.com/country/pu-guinea-bissau/tra-transportation
International calling code – 245.
Internet country code – .gw
Prospects for economic cooperation with Guinea-Bissau:
- agroindustry;
- processing of foodstuff;
- mining;
- fishing;
- manufacturing;
- construction;
- education;
- tourism.
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