The Ebola virus has had a marked impact on Guinea's economy (photo: dpa)

Ebola outbreak leaves its mark on Guinea’s economy

The major outbreak of the Ebola virus has knocked growth prospects for Guinea, one of West Africa’s poorest countries. It could have indirect impact on the country’s stability too. Guinea has vast potential in its mineral reserves including bauxite and iron. Foreign investment and aid to develop infrastructure, along with greater democracy and state institutions, could offer a bright future.

GUINEA’S President Alpha Conde has implemented key economic and security reforms in what is one of West Africa’s poorest countries.

The president won Guinea`s first free presidential polls in 2010 and, after 50 years of political authoritarianism, the country is paving the way for demo...

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The most attractive sites for mining companies lie in the Simandou mountains in southeastern Guinea where iron ore deposits estimated at 1.8 billion tonnes are considered by many an ‘El Dorado’ of iron ore. Exploitation of these reserves could account for seven per cent of global iron ore output
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