Forty-six Chinese-owned companies registered in Guinea-Bissau

10 June 2016

The Company Formalisation Centre (CFE) of Guinea-Bissau from May 2011 to May 2016, registered 46 companies whose owners are from China or Guineans associated with citizens from that country.

Statistical data from the CFE to which Macauhub had access Thursday showed that the 46 companies are linked to agriculture, fisheries, catering, clothing sales, cosmetics and computer products, among others.

China is the company to set up the second-largest amount of companies in Guinea-Bissau in 2016, with six projects, surpassed only by India, which registered eleven companies, of a total 3,809 national, mixed and foreign companies that were registered.

CFE data also showed that between 2013 and 2014 there were a large number of registrations of Chinese-owned companies, with a total of 22.

In 2015 just 10 Chinese-owned companies were registered in Guinea-Bissau, which shows that there has been a slight decline, accentuated further this year, at least in the first five months. (macauhub/CN/GW)