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Guinean private sector: closing of the 3rd edition of the Guinea Investment Forum

11/03/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The 3rd edition of the Guinea Investment Forum (GUIF) successfully concluded on 6 March 2024 at Chapiteau By Issa. It was held under the collaboration between the Private Investment Promotion Agency (APIP-Guinea), with its technical supervision the Ministry of Commerce, Industry and SMEs and its partners, the World Bank Group (GBM) and the African Development Bank (BAD)

.

Significant financial commitments were made during the 3rd edition of the GUIF. This includes the World Bank group, which through the PDACG allocates an envelope of 24 million USD for agricultural SME projects. The World Bank Group's International Finance Corporation (IFC) is allocating $300 million in financing for non-mining projects. Ecobank, Banque de Commerce et d'Industrie (BCI), Société Générale de Banque en Guinée, Coris Bank, and AKIBA Finance, have shown their commitment by allocating

significant funding envelopes.

The 3rd edition of GUIF was also a framework for major announcements. This is the upcoming establishment of a risk center and a unique identifier at the Central Bank, as well as a streamlined project evaluation system for SMEs, promoted by the Professional Association of Credit Institutions of Guinea (APB

).
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