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The number of qualified suppliers is limited in the country therefore it is important to assess the market and the supply to avoid any gaps in programme support needs.

For information on Guinea Additional Service Providers contact details, please see the following link: 4.9 Guinea Additional Service Provision Contact List

Accommodation

Accommodation/housing is available in country. In Conakry, the rent can be expensive especially if the place meets the minimum security requirements. Rents usually starts from US $900 / month for foreigners. It is important to note that finding good accommodations or housing inside the country might be difficult and renters often should expect to do some rehabilitation before moving in. The majority of owners demand to be paid a year in advance or at least 6 months plus the deposit of a caution of two months rent.

Financial Service Providers

There is a limited number of banks in Guinea; however, it is possible to find the following services: commercial and investment banking services, foreign exchange services, insurance and bank cards. Money transfer is possible either by the main international companies like Western Union or MoneyGram or by local companies which are in the capital. 

ECOBANK

Ecobank Guinea (EGN) is supervised and regulated by the Central Bank of the Republic of Guinea (BCRG). EGN has 18 branches and 207 employees. The return on equity (ROE) was 20.6% in 2012 and has remained steady at around 30 per cent over the past two years. The return on assets (ROA) turns around 2 per cent over the last three years. EGN has experienced strong revenue growth over the past three years and occupies the second place in the Guinean market. Currently, it focuses more on the bank of individuals investing in cards and ATMs.

 

Main Office Details

Location

Kaloum – Immeuble Al Iman, Avenue de la République, Conakry

Contact Name

N/A

Phone Number

+224 63701434 and +22463701435

Email

ecobankgn@ecobank.com

Main Office Hours of Operation:

Monday

 0830 - 1630

Tuesday

 0830 - 1630

Wednesday

 0830 - 1630

Thursday

 0830 - 1630

Friday

 0830 - 1630

Saturday

 0930 - 1330

Sunday

Closed

Other Locations

Region(s) [Level 1 Admin. Districts]

Major Regional Cities with FSP Locations

Fria

Branch: Fria
Address: Quartier Katouroun, Centre du Plateau

tel.: (224) 30 24 16 15 / 30 24 10 18
fax.: (224) 30 45 42 41 / 30 24 13 20 / 64 21 62 67
email: ecobankgn@ecobank.com

P.O. box: BP 03 Fria

Hours:
Weekdays: 8h15 - 16h30
Sat: 9h15 - 13h
Sun: closed

Gueckedou

Branch: Gueckedou
Address: Quartier Macenta Koura, Commune de Gueckedou

tel.: (224) 64 45 17 82
fax.: (224) 30 45 42 41
email: ecobankgn@ecobank.com
telex: 22402/22178 ECOBANK GE

P.O. box: B.P. : 82

Hours:
Weekdays: 8h15 - 16h30
Sat: 9h15 - 13h
Sun: closed

Boke

Branch area: Boke
Branch: Kamsar
Address: Quartier bagataye - Sous prefecture de Kamsar

tel.: (224) 63 76 33 74
fax.: (224) 30 45 42 41
email: ecobankgn@ecobank.com

Hours:
Weekdays: 8h15 - 16h30
Sat: 9h15 - 13h
Sun: closed

Kankan

Branch: Kankan
Address: Quartier Kabada

tel.: (224) 63 48 11 26 / 63 48 11 27
fax.: (224) 30 45 42 41
email: ecobankgn@ecobank.com

P.O. box: B.P 365 Kankan

Hours:
Weekdays: 8h15 - 16h30
Sat: 9h15 - 13h
Sun: closed

Labe

Branch area: Labe
Branch: Labe
Address: Quartier Mairie, centre ville

tel.: (224) 30 52 00 49 / 64 20 67 41
fax.: (224) 30 45 42 41
email: ecobankgn@ecobank.com

P.O. box: BP 200 Labe

Hours:
Weekdays: 8h15 - 16h30
Sat: 9h15 - 13h
Sun: closed

Financial Services Offered

 

Available (Yes/No)

Other Comments (maximum/minimum transfer amounts, limitations on currency exchange, etc.)

Currency Exchange

Yes for USD/GNF and EUR

The Central Bank of Guinea does not have any definite limitation on FX deals or outgoing transfers. Ecobank only transfers for individuals who bank with Ecobank only and not Walk-in customers.

Wire Transfers

Yes

The Central Bank of Guinea does not have any definite limitation on FX deals or outgoing transfers. Ecobank only transfers for individuals who bank with Ecobank only and not Walk-in customers.

Remittance Capabilities

Yes

The Central Bank of Guinea does not have any definite limitation on FX deals or outgoing transfers. Ecobank only transfers for individuals who bank with Ecobank only and not Walk-in customers.

Loan Transfers

Yes

The Central Bank of Guinea does not have any definite limitation on FX deals or outgoing transfers. Ecobank only transfers for individuals who bank with Ecobank only and not Walk-in customers.

Other

Yes

RAPID TRANSFER, WESTERN UNION, MONEY GRAM, MOBILE MONEY, RETAIL INTERNET BANKING, VISA CARD

 

Société Générale de Banques en Guinée (SGBG)

 SGBG is a subsidiary of Societe Generale Group, present in Guinea since 1985 and is a bank of reference for the development of national economy.

 With a network of 10 branches, SGBG operates as a retail bank. Every day, SGBG enables projects of individual clients and supports development of Corporates, cities and country.

Main Office Details

Location

Kaloum, immeuble Boffa (2 DAB) et Pita 1 DAB, Cité chemin de fer, Conakry

Phone Number

+224 30456000

Main Office Hours of Operation:

Monday

0815 – 1230 & 1415 - 1630

Tuesday

0815 – 1230 & 1415 - 1630

Wednesday

0815 – 1230 & 1415 - 1630

Thursday

0815 – 1230 & 1415 - 1630

Friday

0830 – 1330 & 1445 - 1630

Saturday

Closed

Sunday

Closed

Other Locations

Region(s) [Level 1 Admin. Districts]

Major Regional Cities with FSP Locations

Kamsar

Kamsar, Route nationale
Guinée Conakry

Tél.: (224) 30 45 60 00

Opening hours from Monday to Friday: 08h15 - 13h00 & 14h45 -16h30

Western Union counter opens also in Saturdays from 0900 to 1300

Sangaredi

Sangaredi, Rue de la sous-préfecture
Guinée Conakry

Tél.: (224) 30 32 19 23

Opening hours from Monday to Friday is : 08h15 - 13h30 & 14h40 - 16h40

Labé

Labe, Place du marché
Guinée Conakry

Tél.: (224) 30 51 23 21 / (224) 30 51 23 22

Opening hours from Monday to Thursday : 08h15 - 12h30 & 14h15 - 16h15
Friday: 08h15 - 13h00 & 14h30 - 16h30

Western Union counter also opens on Saturdays : 09h00 - 13h30

Mamou

Opening hours from Monday to Friday : 08h15 - 13h30 & 1440 - 1640

Siguiri

Siguiri, Rue principale

Tél.: (224) 60 25 64 20

Opening hours from Monday to Thursday : 08h15 - 12h30 & 14h15 - 16h15
Friday: 08h15 - 13h15 & 15h00 - 16h15

 

Koron Office

Tel: 60 25 64 20

From Tuesday to Thursday from 9h00 to 15h00

Western Union counter on Saturday from 09h00 to 14h00

Financial Services Offered

 

Available (Yes/No)

Other Comments (maximum/minimum transfer amounts, limitations on currency exchange, etc.)

Currency Exchange

Yes

 

Wire Transfers

Yes

 

Remittance Capabilities

Yes

 

Loan Transfers

Yes

 

Other

Yes

RAPID TRANSFER, WESTERN UNION, MONEY GRAM, MOBILE MONEY, RETAIL INTERNET BANKING, VISA CARD

Freight Forwarding Agents

There are a few reliable freight forwarding agents in Guinea Conakry. The main agents are based in the Cité de Chemins de fer. The major freight forwarders are Ama Africa, Bolloré Africa, Transco and TTM which is specialized in exemption formalities. The aforementioned companies offer good service and have the capacity to pre-finance their activities.

Handling Equipment Rentals

Freight handling equipment is available for rent or lease such as forklifts and other materials. The pallets available are mainly not from good quality and are not conform to the European standards. The price of a pallet can vary from US $4 to US $10.

Postal and Courier Services

The national post is undergoing a major renovation and revitalization. There are post offices in the major cities and towns in the country. The major international express courier companies are also present in Guinea and offer their services on national and international levels.

Publishing/Printing Service Providers

Publishing and printing service providers are limited in Guinea but available and offer acceptable service in quality and price.

Taxi Companies

Taxis are owned by individuals and there aren’t any taxi companies in the country. The taxis are old cars, badly maintained and driven by unqualified drivers so it might be dangerous to travel by taxi.

Vehicle Rental

There is a good number of companies offering vehicle rentals. These companies showed a good capacity in providing sufficient vehicles during the Ebola crisis and were able to satisfy the high demand on vehicles from the humanitarian organizations in a short period of time. The vehicles are usually in good condition and accompanied by experienced drivers. 

Electricity and Power 

The power supplier in the country is the ‘Electricité de Guinée’ or EDG, The national grid covers only some cities in the western coast; however, even in Conakry the electricity black out is frequent and some neighborhoods do not receive electricity on a regular basis. The national production is not sufficient and its shortage is one of the principal reasons for investors and businesses closing down. In the regional capitals, electricity is provided through diesel power plants only and the electricity is only available during the night and for a certain period of time, generally between 20h00 and 24h00. Towns and villages are not provided with electricity. This situation obliges individuals and companies to rely heavily on generators. A new hydroelectric plant was inaugurated in July 2015 with total installed capacity of 240 MW but due to the poor condition of the network, only 140 MW are being exploited.

Production Unit

Type [1]

Installed Capacity (MW)

Current Production (MWh)

Hydraulique Réseau Interconnecté (Kinkon, Garafiri et Samou) 

Hydroelectric

125.4

416,400

Other Hydrolic (Tinkisso, Samankou et Loffa)

Hydroelectric

1.97

9,419

Thermal network interconnected (Kaloum 1,3,5)

Thermal

101.2

119,794

Regional capitals (Kankan, Faranah, Nzérékoré et Boké)

Generator

9.4

5,910

 Aggreko and Kipé (private thermal plants)

Thermal

100

160,942

E.g. Hydroelectric power, Thermal power…

Waste Management and Disposal Providers

The household waste management in the capital Conakry, estimated at more than 700 tons per day according to official statistics, seems to have always been at the heart of the challenges facing the governorate of Conakry. Long term appropriate solutions in cleaning up this agglomeration with a population estimated at over two million people are slow.

A structure called the SPTD (public service waste transfer), attached to the governorship of Conakry, is in charge of garbage collection in the various collection points listed in the city to land them the discharge of the ‘Minière’,

Today, it's more than forty small and medium enterprises (SMEs) who are responsible for garbage collection at the household level, against payment of a monthly fee of 15,000 or 20,000 Guinean francs per family. A rate which varies according to the zones. A state that by lack of resources, these SMEs that depend on subsidies from some development partners are struggling to function properly. 

Waste Disposal - Non Hazardous

The waste disposal is normally either burnt at site or transported to one of the random landfills in the area.  

Waste Disposal - Hazardous

There are no restrictions regarding the disposal of used motor oil, fuel, electronics / computers, and any other solid waste.

There are no procedures nor processes for disposing of waste water (black and grey water).