Property Investor information: Guinea
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Property Investor information for: Guinea
Guinea has had only two presidents since gaining its independence from France in 1958. Lansana CONTE came to power in 1984, when the military seized the government after the death of the first president, Sekou TOURE. Guinea did not hold democratic elections until 1993 when Gen. CONTE (head of the military government) was elected president of the civilian government. He was reelected in 1998 and again in 2003. Unrest in Sierra Leone and Liberia has spilled over into Guinea on several occasions over the past decade, threatening stability and creating humanitarian emergencies.
Guinea is called the Switzerland of Africa, with its lofty mountains and high plateaus, plus a temperate climate. The highest peaks are Mount Loura at Mali Ville (1515 m) and Mount Tinka near Dalaba (1425m). They also call it the Water Tower of Western Africa because many rivers take their origin (River Gambie, Senegal, Niger, etc.) from it. These rivers and churning rapids, hurtling down the mountains create beautiful waterfalls.
Guinea is currently not recommended by The Property Investor Magazine for foreign Property Investment due to this countries political and or economic situation.