Country (long form): Republic of Guinea-Bissau Population: 1.6 million (UN, 2005) Capital: Bissau Area: 36,125 sq km (13,948 sq miles) Major languages: Portuguese, Crioulo, African languages Major religions: Indigenous beliefs, Islam, Christianity Monetary unit: 1 CFA (Communaute Financiere Africaine) = 100
Main exports: Cashew nuts, shrimp, peanuts, palm kernels, sawn
timber GNI per capita: US $160 (World Bank, 2005)
High availability of manpower with vocation for the primary sector (agriculture, fishing and livestock) and at a highly competitive cost (minimum wage is $UK 0.80 per day)
Only approximately 23% of available soil for agriculture is utilised.
Production of rice (staple food of Guinean population) and most other primary products still mostly takes place using traditional techniques (without fertlisers, bulldozers or mechanical irrigation systems). Studies carried out show that through a better use of the land a surplus of 318% can be reached.
Guinea-Bissau has natural conditions (rainfall pattern, tropical climate, etc.) that are more favourable for the development of the primary sector (agriculture and livestock) that most countries in the sub-region.
An appropriate organisation of the fishing sector (license-granting, investment in national fishing fleets an development of conservation industries for fishing products, implementation of coast surveillance, etc.) would by itself contribute with 55% of the current GDP.
The country possesses important tourism resources at all levels, still to be exploited. It offers outstanding natural environment and wildlife.
Strategic location - easy access from/to regional and world
Stable currency operating in a free exchange rate regime
Strong privatisation programmes (Tourism, ICT)
Operating in a free market of 70 million inhabitants
Vast number of opportunities
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