EBID commits EUR 269.5 million to development in the Republic of Guinea

The ECOWAS Bank for Investment and Development (EBID) and the Government of the Republic of Guinea signed three loan agreements on Thursday, 10 September 2026, in Conakry, Guinea, totalling EUR 269.5 million to finance strategic projects in the health, transport and energy sectors.

The agreements were signed by Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and Hon. Mariama Ciré Sylla, Minister of Economy, Finance and Budget of the Republic of Guinea, in the presence of Hon. Ismaël Nabé, Minister of Planning, Development and International Cooperation and Chairman of the Board of Governors of EBID.

The financing will support the construction of the Siguiri Regional Hospital for EUR 65.8 million; the construction and paving of the 84-km Cissela-Banko-N’Dèma and Banko-Saraya Road for EUR 143.05 million; and the development of the Tinkisso 2 Hydropower Project for EUR 60.6 million. These projects will deliver significant benefits across Guinea, expanding renewable energy access for over 350,000 people, improving connectivity and trade in Upper Guinea, and extending specialised healthcare to more than 1.7 million people.

Dr George Agyekum Donkor stated that the financing demonstrates EBID’s commitment to high-impact investments that promote sustainable growth, strengthen resilience and improve the well-being of communities. He noted that investments in health, energy and transport will also create a stronger foundation for economic activity, job creation and sustainable development.

In response, Hon. Mariama Ciré Sylla welcomed the strong partnership with EBID and thanked the Bank for its continued confidence in Guinea’s economic prospects, noting that the investments will accelerate strategic infrastructure development, expand access to essential services, and support inclusive growth.

Hon. Ismaël Nabé also affirmed the alignment of the projects with Guinea’s economic transformation agenda and the ambitions of the Simandou 2040 Programme. He highlighted their potential to address infrastructure gaps, enhance national competitiveness and create greater opportunities for citizens, particularly young people.

The projects advance the United Nations Sustainable Development Goals, notably SDG 3 (Good Health and Well-being), SDG 7 (Affordable and Clean Energy), and SDG 9 (Industry, Innovation and Infrastructure), while supporting EBID’s Growth, Resilience and Optimisation (GRO) Strategy for 2026-2030 with a focus on inclusive growth and sustainable development.