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Industrial development: AfDB approves a $14 million loan for Guinea

25/07/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Le gouvernement guinéen et la Banque africaine de développement (BAD ) have signed a loan agreement for 14 million US dollars last Tuesday, July 23.

The Bank's financing will be used to implement projects to support industrial development and the resilience of small and medium-sized enterprises (SMEs). According to Léandre Bassimé, resident representative of BAD in Guinea, the expected impact of this financing for the Republic of Guinea, “is to have a full and complete contribution. ; re of the Guinean private sector to the implementation of the Interim Reference Programme (PRI). Players in the mining sector will have their place, they will be equipped in terms of capabilities and financial support.”

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