Guinea is known for being rich in natural resources, from bauxite to iron ore, gold, and diamond. The country is currently working on its diversification plans to attract international investors, relevant partnerships, and employment outsourcing opportunities to help leverage the country’s resources and promote growth and trade.
Many companies move to other countries to explore opportunities and drive their international expansion strategy. In the process, organisations have to establish an HR outsourcing plan to make their move a success. This is where Africa HR Solutions can help those companies to build their Guinea Conakry HR outsourcing plan to ensure a smooth transition while establishing themselves in the country. Our solutions range from Professional Employer Organisation (PEO), Employer of Record, payroll solutions as well as other ancillary support services, all tailored to your business objectives, aligned with the country requirements, laws, and local best practices.
Population: 12.4 mn
Gross Domestic Product (GDP): $959.98 bn
GDP Growth: 8.7%
Foreign Direct Investment (% of GDP): 3.2%
Unemployment Rate: 3.6 %
Currency: Guinean franc
Ghana’s natural resource is experiencing growth and the government is focusing on economic diversification. The country is investing more efforts in developing natural resources and providing productive leadership to drive initiatives. While diversifying the natural resource sphere, the country depends less on fluctuations linked to commodity pricing. This in turn is helping to stabilise the economy, attracting investors, and exploring partnerships in those areas of activity. Guinea is a member of the Economic Community of West African States (ECOWAS) and the Mano River Union.
The country is one of the larger Guinea, previously referred to as French West Africa.
Guinea is bordered by Guinea-Bissau to the northwest, Senegal to the north, Mali to the northeast, Ivory Coast to the southeast, Liberia, and Sierra Leone to the south, and the Atlantic Ocean to the west.
Being a rich source of the river, the Niger River, the Gambia River, and the Senegal River originates from Guinea.
The country is a resource-rich economy, abundant in minerals, having around a quarter of the world’s proven reserves of bauxite, over 1.8 billion metric tons of high-grade iron ore, a large amount of diamond and gold as well as undetermined quantities of uranium.
Guinea’s richness in mineral wealth renders it one of Africa’s richest countries, but the country remains one of the poorest in the continent.
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Employees in Guinea have access to vacation, sick and parental leaves. Regarding dismissal notice, the timeframe varies depending on the job description, that is, whether the employee is an operational recruit, supervisor, or middle manager. It is important to note that when a fixed term agreement expires, the employee is entitled to receive severance pay of 5% of the total salaries for the contracted timeframe. On the other hand, employees that work under an indefinite type of agreement and who have finished at least 12 months of service receive severance pay of at least 50 hours of salaries (those who work per hour) and 25% of one month’s salary for those who are monthly earners. As regards to taxation, employers have to pay 18% of salaries to social security while employees pay 5%. The country encompasses a community-healthcare system that comprises a fee.
At Africa HR Solutions, our experts help you in understanding the local market and its best practices, whilst ensuring all the laws are respected. Even if you do not have a branch or a legal entity in the country yet, we take care of your HR outsourcing strategy and help you devise a competitive benefits scheme to get the brightest talent onboard.
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Grant Geraghty is the longest-serving member of the Africa HR team. This resident subject matter expert and client champion is responsible for gaining a deep understanding of our clients’ unique HR needs in Africa and providing tailored solutions that align with their business objectives. Grant collaborates closely with our clients to ensure that their requirements are properly implemented, providing ongoing support and guidance throughout the process.
Grant brings a wealth of experience to his role, having served as Africa HR’s longest-serving employee. He holds a Bachelor of Commerce degree, with a major in Economics and Business Finance, from the University of Natal in South Africa. Additionally, he has completed a certification program in Payroll and Tax Administration from the University of Cape Town, further enhancing his expertise in HR operations and compliance.
His commitment to delivering exceptional service and his extensive knowledge of HR in Africa make him an invaluable member of the Africa HR team.
Kevina Takoordyal has a BA Hons Business Management from the University of Glamorgan, UK, with MBA in leadership and Innovation, MBA General, PMP Certified, and Agile Scrum Master. She currently works as the Head of Operations at Africa HR Solutions Ltd with more than 20 years of proven leadership capabilities in Operations, Business Development, People Management, Process Optimization, and Project Management in the Financial Services, BPO, Banking Industry, and Heath Care Industry. In Senior leadership roles with an international footprint across Europe working and extensive Pan- African experience from a compliance, finance, and operations angle, Kevina comes across with a panoply of cross-functional skills. Kevina also serves on a few Boards, Non-Independent Executive at MioD and for NGOs on a voluntary basis, a coach and mentor to aspiring female leaders across Africa and Mauritius.
Kevina is a firm believer in Servant Leadership with a strong focus and commitment to uplifting others, with the ability to deliver through a highly engaged – diverse team, and works towards consistently synergistic value creation. While being a focused and adaptive thinker and Kevina is actively participating in panel discussions on Innovation, CX, Digital transformation.
Kevina serves as Project Assessor for the National Youth upskilling program. She has been recognized as Global Talent in a few companies, Ceridian, and International SOS Ltd whereby she has been awarded a few scholarships and had the opportunity to be mentored by Senior Vice President in the US. Award Winner in various fields and at a national level and recognized including Super Achiever Leader Award in Africa in 2016, Awarded Africa Women Leader 2018.
Viloshna is an experienced finance professional with 18 years of expertise in strategic financial planning, financial analysis, cash flow management, systems and controls implementation, financial reporting, and continuous process improvements. She currently serves as Head of Finance & Business Support, where she has successfully automated and leveraged the financial reporting system capabilities to ensure efficient company operations.
Viloshna’s background includes senior roles in a multinational pharmaceutical company and a large listed Mauritian conglomerate. Her meticulous attention to detail and strategic thinking have streamlined financial processes, making her a valuable addition to any finance team. Viloshna is a qualified finance professional with an FCCA qualification and an MBA, bringing valuable expertise to any organization.
In her current role, Viloshna leads the company’s Treasury and Payments function, including the fulfillment of the company’s cross-border payments into Africa. With her strong educational background and extensive experience, Viloshna consistently demonstrates her ability to optimize financial operations, minimize risks, and improve profitability. Her expertise in financial reporting and process improvements make her a valuable asset to any organization.
A qualified lawyer who joined Africa HR Solutions in July 2020, Mark Du Preez has experience working in private practice for a reputable law firm in South Africa. He also played commercially focused roles at a leading private bank, wealth management company, and outsourcing firm in South Africa and Mauritius.
Mark has played a pivotal role in Africa HR Solution’s risk mitigation strategy, which positively impacted P&L performance over the years.
He currently leads the Partnerships function of the company including relationships and oversight with in-country partners (ICPs) across Africa.
Alex has more than 15 years of experience in the global, strategic development of both enterprise and consumer brands in categories including technology, transport, enterprise software, entertainment, and travel.
With experience in roles on both agency and corporate side, he has worked across international brands and has led the development and execution of multi-discipline campaigns across EMEA, NORAM and Asia Pacific.
His focus is on driving meaningful business impact through brand differentiation and building high-functioning, digitally oriented, and analytically driven capabilities. He is motivated by working with, and developing dynamic people, teams, and organizations.
He leads, manages, develops and mentors the Key Account Management department, including line management responsibility for the team of Key Account Managers and Key Account Administrator who represent the Company as the primary communication link between all relevant stakeholders, including clients, third party in-country partners and internal functions.
Originally from Mauritius, he holds bachelor’s degrees in International Business, Finance and Management from the University of Nevada, Reno.