|GDP (US$) $6.70 billion, 2015|
|Population, 12.61 million, 2015|
|Source: World Bank data|
After decades of authoritarian rule, Guinea has held competitive presidential and legislative elections during the last five years. Despite this welcome movement toward democratization, economic progress is threatened by political instability and by low international commodity prices, as the country is heavily dependent on mineral production. The recent Ebola epidemic has had a crippling impact on the Guinean economy, aggravating poverty and food insecurity.
The Trade Hub aims to support Guinean firms in target value chains by working with local partners to provide trade advice and facilitate financial services. One objective is to help establish an AGOA Trade Resource Center (ATRC) to promote trade and advise Guinean businesses on export opportunities, including opportunities under the U.S.’s African Growth and Opportunity Act (AGOA). We are also actively seeking financial advisors to assist us in linking businesses with sources of investment.
- December 5, 2016 Kossi Dahoui, the Trade Hub’s transport export, traveled to Conakry in early November to urge government officials to lift Certificate of Origin requirement for traders of agricultural products, part of the Trade Hub’s ongoing campaign to lift this burdensome obstacle to trade and food security. Demanding certificates of origin for fresh staple crops—often a pretext for ...Read more
- November 28, 2016 Last week, the Trade Hub traveled to Ouagadougou, Burkina Faso to meet in a USAID-sponsored Partnership meeting with representatives of numerous other projects working in a specific region of Niger and Burkina Faso, and in particular the REGIS-AG and REGIS-ER projects. The Trade Hub met with numerous projects working in the region, and was able ...Read more
- October 10, 2016 From September 26-30, representatives from ten RESIMAO member countries met in Ouagadougou, Burkina Faso. Their objective was to ratify RESIMAO’s procedures manual and three-year communications plan, developed in collaboration with the Trade Hub. RESIMAO, the regional market information system organization, collects commodity-related pricing data on a weekly basis from members in 12 West African countries ...Read more
- August 24, 2016 Over the past year, the Trade Hub has collaborated with the West African Grains Network (WAGN) to organize trainings to help traders understand the value of written contracts as a way to build trust between trading partners, increase the quality of cereals traded, ensure the use of grades and standards, and develop financial records that ...Read more
- August 3, 2016 In Cote d’Ivoire’s commercial capital, 115 West African stakeholders (including 39 women) from nine countries participated in the fourth cereals exchange organized by the Trade Hub in collaboration with Afrique Verte and the West African Grain Network (WAGN). The July 26-27 event in Abidjan offered a platform for producers and traders to negotiate costs, quantities, quality, ...Read more
- December 12, 2015 In early December, 74 West Africans involved in the region’s cereals trade gathered in Burkina Faso’s capital, Ouagadougou, to create new commercial partnerships and strengthen existing relationships. Organized by the Trade Hub and NGO Afrique Verte, this two-day event built upon the success of the first Ouagadougou exchange held in July and attracted new participants ...Read more
- December 9, 2015 For immediate release December 9, 2015 Contact: Bill Noble, Value Chain Development Specialist Tel: +233 26 280 0781 Ouagadougou, Burkina Faso — More than 60 cereal sourcing and procurement enterprises, producer associations and inspection companies have converged in Ouagadougou, Burkina Faso today for the second quarterly West African Regional Cereals Exchange. The Exchange is organized by the USAID/West Africa Trade ...Read more
- November 6, 2015 Cereals exchange organized by USAID generates 54 contracts for $20 million in staple food commodities. Alhadji Adamou Aboubakar, a cereals trader from Niger, knows well the pitfalls of verbal agreements in his business. “If we set the price today, as soon as the price fluctuates, there will be a problem between the two parties,” he said. “If ...Read more