Kwena Group Holdings support Entrepreneurial Efforts in Guinea

Kwena Group Holdings support Entrepreneurial Efforts in Guinea

Kwena Group Holdings and Nimba partner up:

Kwena Group Holdings’ are extending their African footprint by partnering with Nimba Construction BTP in a joint venture to provide services and materials to several mining and construction projects based in Guinea over the next five years. The recent working agreement is another bold move made by Kwena Group Holdings’ CEO, Eben de Jongh, and will operate through Kwena’s international projects subsidiary, Kwena Offshore.

Kwena’s penetration into Guinea began shortly after the appointment of Alroy Fortune, Kwena Group Holdings’ Client Liaison in Africa, after securing a tender to supply a number of fuel pump dispensers to 20 new fuel stations across the developing country. Fortune’s key responsibility will be to grow business opportunities in Africa and surrounding territories within the mining and construction industries.

Kwena’s infiltration into Africa began in October which saw the official opening of Kwena Human Capital Limitada in Mozambique. The new company has been officially registered and already offers payroll services and human resource solutions to a number of local businesses. The move towards more African investment forms part of a bigger strategy to supply services and materials to developing projects – read more about Kwena Human Capital Limitada here

Why Guinea?

As of 2017, Guinea has shown steady growth, upgrading its economic status to one of Africa’s most recognized developing countries. The GDP growth continues to escalate due to its mining and manufacturing sectors, amounting to an estimated 5.9% increase in 2018. Plans to bolster growth continues to exceed expectations with strategic plans being implemented to improve business relations and general access to goods and services.

Guinea’s mining potential is quite exceptional contributing to two-thirds of the world’s bauxite reserves. Other precious minerals include gold, iron and diamonds.

Formal strategic documents are currently being outlined by the National Development Plan with an estimated 20 mega projects being planned over the next 5 years. These include road, agricultural and electrical infrastructures within the various sub-regions. The recent laws addressing road maintenance and public–private partnerships for infrastructure will ensure a sustainable economic growth, creating more jobs and investment opportunities for international relations.

Watch this space for more news on this developing story. For more information about Kwena Offshore, download our company profile here.