Guinea’s economic situation has gradually improved, and investments have started to enter the market. There are both local and foreign institutional investors in Guinea, although investment by local actors remains extremely limited in the housing sector. The Central Bank (CBRG) issues Treasury Bills and Titres de Régulation Monétaire (TRM). CBRG’s Treasury bills have high rates and short terms (180 days on average). There is no stock exchange in Guinea. The country also has no active corporate debt market, secondary market, or derivatives market. The opening of a stock exchange was announced in 2013 before the country was hit by Ebola to enable the growth of new mining prospects. Guinea has six insurance companies. They currently do not invest in housing in the country, though
they have been engaged in other forms of more profitable real estate. UGAR is the largest insurance company in Guinea and is part of the Activa Group. The company has so far only invested in commercial real estate for rental.

A private investment promotion agency was set up in Conakry along with a one-stop-shop for registering new companies, which has been in operation since 2011. Guinea’s investment promotion agency (APIP), similar to agencies in other Sub-Saharan African countries, is responsible for promoting foreign direct investment into the country. Institutional investors have not made direct investments into Guinea’s housing and housing finance sectors yet, let alone into affordable housing. DFIs haven’t made major loans or given lines of credit to banking institutions and MFIs for the expansion of their financial products.