List of companies of Guinea-Bissau

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Location of Guinea-Bissau LocationGuineaBissau.svg
Location of Guinea-Bissau

Guinea-Bissau, officially the Republic of Guinea-Bissau, is a country in West Africa. It is bordered by Senegal to the north and Guinea to the south and east, with the Atlantic Ocean to its west.

Contents

Guinea-Bissau is among the world's least developed nations and one of the 10 poorest countries in the world, and depends mainly on agriculture and fishing. Guinea-Bissau has started to show some economic advances after a pact of stability was signed by the main political parties of the country, leading to an IMF-backed structural reform program. [1] The key challenges for the country in the period ahead would be to achieve fiscal discipline, rebuild public administration, improve the economic climate for private investment, and promote economic diversification.

After several years of economic downturn and political instability, in 1997, Guinea-Bissau entered the CFA franc monetary system, bringing about some internal monetary stability. [2] The civil war that took place in 1998 and 1999 and a military coup in September 2003 again disrupted economic activity, leaving a substantial part of the economic and social infrastructure in ruins and intensifying the already widespread poverty. Following the parliamentary elections in March 2004 and presidential elections in July 2005, the country is trying to recover from the long period of instability despite a still-fragile political situation.

Notable firms

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
     Active     State-owned     Defunct
NameIndustrySectorHeadquartersFoundedNotes
Air Bissau Consumer servicesAirlines Bissau 1960Airline, defunct 1998
Correios da Guiné-Bissau IndustrialsDelivery services Bissau  ?Postal services
Electricidade e Aguas da Guine-Bissau UtilitiesMultiutilities Bissau [3]  ?Electricity, water
Guine Bissau Airlines Consumer servicesAirlines Bissau 2010Airline

See also

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Economy of Equatorial Guinea

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Guinea-Bissau Country in West Africa

Guinea-Bissau, officially the Republic of Guinea-Bissau, is a country in West Africa that covers 36,125 square kilometres (13,948 sq mi) with an estimated population of 1,726,000. It borders Senegal to the north and Guinea to the south-east.

Economy of Guinea-Bissau National economy

The economy of Guinea-Bissau comprises a mixture of state-owned and private companies. Guinea-Bissau is among the world's least developed nations and one of the 10 poorest countries in the world, and depends mainly on agriculture and fishing. Cashew crops have increased remarkably in recent years, and the country ranked ninth in cashew production for the year of 2019.

Economy of Niger National economy

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Economy of Senegal National economy

The economy of Senegal is driven by mining, construction, tourism, fishing and agriculture, which are the main sources of employment in rural areas, despite abundant natural resources in iron, zircon, gas, gold, phosphates, and numerous oil discoveries recently. Camille Senegal's economy gains most of its foreign exchange from fish, phosphates, groundnuts, tourism, and services. As one of the dominant parts of the economy, the agricultural sector of Senegal is highly vulnerable to environmental conditions, such as variations in rainfall and climate change, and changes in world commodity prices.

Economy of Togo National economy

The economy of Togo has struggled greatly. The International Monetary Fund (IMF) ranks it as the tenth poorest country in the world, with development undercut by political instability, lowered commodity prices, and external debts. While industry and services play a role, the economy is dependent on subsistence agriculture, with industrialization and regional banking suffering major setbacks.

Economic Community of West African States Intergovernmental economic union

The Economic Community of West African States is a regional political and economic union of fifteen countries located in West Africa. Collectively, these countries comprise an area of 5,114,162 km2 (1,974,589 sq mi), and in 2015 had an estimated population of over 349 million.

Foreign relations of Guinea-Bissau

The Republic of Guinea-Bissau follows a nonaligned foreign policy and seeks friendly and cooperative relations with a wide variety of states and organizations. France, Portugal, Angola, Brazil, Egypt, Nigeria, Libya, Cuba, the Palestine Liberation Organization,Ghana, and Russia have diplomatic offices in Bissau.

Eco (currency) Proposed currency of ECOWAS

The eco is the name for the proposed common currency of the Economic Community of West African States (ECOWAS). Plans originally called for the West African Monetary Zone (WAMZ) states to introduce the currency first, which would eventually be merged with the CFA franc which is used by the French-speaking west African region within the West African Economic and Monetary Union (UEMOA). This will also enable the UEMOA states to gain complete fiscal and monetary independence from France. The UEMOA states have alternatively proposed to reform the CFA franc into the eco first, which could then be extended to all ECOWAS states.

Bolama Region Region of Guinea-Bissau

Bolama is an administrative region in Guinea-Bissau, consisting primarily of the Bijagós Archipelago of the country's southern coast, together with a small coastal strip centred on the coastal town of São João. It has an area of 2,624 km2. Its capital is Bolama, on the island of the same name. It is a coastal region covered with Mangrove swamps, rain forest and tangled forest and receives an annual rainfall of more than 1,000 mm (39 in).

Central African CFA franc Currency of several Central African countries

The Central African CFA franc is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 55.2 million people, and a combined GDP of US$113.322 billion.

West African CFA franc Currency of several West African countries

The West African CFA franc is the currency of eight independent states in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion.

<span title="French-language text"><i lang="fr">Françafrique</i></span> Frances sphere of influence in Africa

In international relations, Françafrique is France's sphere of influence over former French and Belgian colonies in sub-Saharan Africa. The term was derived from the expression France-Afrique, which was used by the first president of Ivory Coast, Félix Houphouët-Boigny, in 1955 to describe his country's close ties with France. It was later renamed Françafrique by François-Xavier Verschave in 1998 to criticise the alleged corrupt and clandestine activities of various Franco-African political, economic and military networks.

Central Bank of West African States Central Bank

The Central Bank of West African States is a central bank serving the eight west African countries which share the common West African CFA franc currency and comprise the West African Economic and Monetary Union (UEMOA):

African Monetary Union Proposed economic and monetary union

The African Monetary Union (AMU) is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank. Such a union would call for the creation of a new unified currency, similar to the euro; the hypothetical currency is sometimes referred to as the afro or afriq.

United Nations Integrated Peacebuilding Office in Guinea-Bissau

The United Nations Integrated Peacebuilding Office in Guinea-Bissau (UNIOGBIS) is a United Nations peacebuilding mission in Guinea-Bissau.

Ivory Coast and the International Monetary Fund

With the world’s largest production of cacao and cashew nuts, Ivory Coast is one of the leading economic powers in West Africa. It joined the IMF in 1963. Since then, Ivory Coast participated in 14 arrangements and purchased more than 1016 millions in procurement and loans. It now possesses 650.4 million SDR of quotas.

References

  1. Guinea-Bissau and the IMF. Imf.org (13 May 2013). Retrieved on 22 June 2013.
  2. CFA Franc and Guinea-Bissau. Uemoa.int. Retrieved on 22 June 2013.
  3. Europa Publications (2003). Africa South of the Sahara 2004. Psychology Press. pp. 546–. ISBN   978-1-85743-183-4.