To facilitate electrification in Guinea, the Board of Directors of the African Development Bank Group approved on July 14, in Abidjan, a financial support of US$ 66.39 million.

Entitled "Guinea Electricity Access Improvement Project", the project is being co-financed by the Bank Group.e", the project is co-financed by the French Development Agency (AFD), the Islamic Development Bank (IDB)The project is co-financed by the French Development Agency (AFD), the Islamic Development Bank (IDB), the Sustainable Energy Fund for Africa (SEFA; hosted by the Bank), USAID, through the Energy for Africa Program, and the Guinean government. The project consists of a $4.17 million grant and a $9.37 million loan from the African Development Fund (the concessional window of the African Development Bank Group) and a $9.37 million grant from the World Bank.24.13 million grant and a $28.72 million loan from the African Transition Facility. of beneficiary enterprises through access to regular, reliable and cheaper energy services" and "enhance security and enable women to have more time to conduct their activities.It will also "improve security and enable women to have more time to carry out their commercial activities and schoolchildren to improve their school results," according to Léandre Bassolé, the African Development Bank Group's Country Manager for Guinea.said Mr. Bassolé. A total of 100,000 subscribers (including 72,112 new ones) consisting of individuals, women's associations, health centers, schools, and businesses will benefit directly from the project.