Entrepreneurs du Monde's program in Guinea Conakry
Guinea Conakry's geographical, historical and economic setting
63% of the population live in rural areas
183th HDI ranking
74% of the workforce lives on less than $2/day
Guinea, also called Guinea-Conakry, after its capital, in order to distinguish it from Guinea-Bissau and Equatorial Guinea, is a country located on the West African Atlantic coast. It is bordered by Guinea-Bissau, Senegal, Mali, Ivory Coast, Liberia and Sierra Leone.
A former French colony, it is the first African country to have sought and obtained its independence on October 2nd, 1958.
Sometimes called “a geological scandal”, Guinea-Conakry has vast hydrographic resources (the water tower of Africa) and a rich mining potential (a third of the world’s reserves of bauxite, gold, diamonds, iron, manganese, zinc, cobalt, nickel and uranium), largely under-exploited. Political instability between 2009 and 2013 considerably damaged Guinea’s economy: weak growth, rising inflation, doubling of the budget deficit.
The agricultural sector employs a large proportion of the population. Rice, coffee, mangos and citrus fruits are grown. Millet and fonio are the main crops in the Upper Guinea region, whereas in the Koundara region, groundnut is commonly grown. Rice is cultivated in flooded areas along the riverbanks. Traditional crops, such as cassava, are still widely grown around people’s homes.
The environment is preserved thanks to the low population density and limited industrialisation. However, the country is still threatened by deforestation and pollution (due to mining activities, the non-treatment of waste water…).
Entrepreneurs du Monde in Guinea-Conakry
Following a market study in 2015, Entrepreneurs du Monde launched Wakili in Guinea-Conakry, a social microfinance programme. Its aim is to sustainably improve the living conditions of households depending on the informal economy, particularly vulnerable and marginalized families in the outlying districts of Conakry as well as in rural areas in the prefecture of Boffa.