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This article was produced with the support of ECOWAS Bank for Investment and Development
The ECOWAS Bank for Investment and Development (EBID) and the Government of the Republic of Guinea have signed two loan agreements totalling EUR 123.451 million to enhance agribusiness education and expand access to reliable, clean energy across the country. The agreements, signed on Monday, 10 November 2025, during a ceremony in Conakry, underscore a shared commitment to sustainable development and economic diversification.
The first loan, worth EUR 28.28 million, will support the improvement and modernisation of four agricultural high schools across Guinea’s four natural regions. This initiative aims to equip young people with the technical expertise and entrepreneurial skills needed to become key contributors to the agricultural sector and strengthen its contribution to the national economy.
The second loan, totalling EUR 95.16 million, will fund the construction of three micro-hydroelectric power plants with a combined capacity of 27.6 MW within the Senegal River basin. Located in the prefectures of Mamou and Dalaba, the project will connect rural communities to the national grid, fostering economic activity and improving living conditions. The initiative aligns with the objectives of the Organisation pour la Mise en Valeur du Fleuve Sénégal (OMVS) and Guinea’s National Development Plan, the SIMANDOU 2040 Vision, which integrates local development, environmental sustainability, and economic viability.
Speaking at the signing ceremony, Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, said, “By investing in agricultural education, the Bank is empowering the next generation of Guinean leaders and entrepreneurs, ensuring food security and economic growth. At the same time, investment in clean energy infrastructure improves access to essential services in remote communities, enhancing the quality of life for the people of Guinea.”
The Minister for the Economy and Finance, Honourable Mourana Soumah, highlighted that the agreements reflect a renewed confidence in Guinea from technical and financial partners. “Energy and agriculture are two strategic sectors for our country. These investments will improve electricity supply and strengthen training for young people in the agricultural sector,” the Minister stated.
Honourable Ismael Nabe, the Minister for Planning and International Cooperation and Guinea’s Governor at EBID, emphasised that the financing demonstrates strong confidence in Guinea’s economic and financial governance and EBID’s continued commitment to regional development.
The signing ceremony was preceded by a Memorandum of Understanding between EBID and the Government of Guinea, supporting five major projects valued at USD 665 million in the areas of energy, transportation, infrastructure, and health.
