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GUINEA-BISSAU THE TIGER OF WEST AFRICA

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COUNTRY OVERVIEW

Brief History:

The Republic Of Guinea Bissau is a small coastal West African country located just south of Senegal and north of Conakry. The Atlantic Ocean borders the country to the west. Guinea-Bissau was once part of the MaliEmpire and later belonged to Portugal. It was colonized as Portuguese Guinea. Independence was declared in 1973 and the country became known as Guinea-Bissau after its capital, Bissau. This was done to prevent confusion with neighboring Guinea. The country had a volatile post independence history with democracy returning to the country after the 2014 election of President Jose Mario Vaz former minister of finance.

Population and georgaphy:

Guinea-Bissau is a coastal country covering 36,000 square kilometers and is home to 1.6 million people. The highest elevation is 300meters and the weather is mostly tropical. The port of Bissau is the main landing point of goods arriving in the country by sea. A well developed road system ensures the overland transport of goods from the port to the main regions of the country, Senegal and Guinea. Guinea-Bissau's strategic location makes it an ideal trade, logistics and distribution center for the region.

Economy:

A long period of political volatility depressed the country's economic activity. The global economic crisis of 2008 and policital instability between 2012 and 2014 made matters worse. The election of President Jose Mario Vaz is heralding a new era in Guinea Bissau. Asa former banker and finance minister, he has already pledged to set up a business friendly government and create an investment friendly climate in one of the last untapped regions of the world. The country has finally returned to positive growth in 2013 and it is expected to rise to 2.8% this year.

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 centimes
Main exports: Cashew nuts, shrimp, peanuts, palm kernels, sawn timber










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