The ECOWAS Bank for Investment and Development (EBID) and the Government of Guinea have signed two loan agreements totalling €123.45 million to support agribusiness education and expand access to clean, reliable energy, the bank announced on Tuesday.
The agreements, finalised on 10 November 2025 in Conakry, aim to advance sustainable development and economic diversification in Guinea.
A €28.28 million loan will fund the modernisation of four agricultural high schools across Guinea’s four natural regions. The project is designed to equip students with technical knowledge and entrepreneurial skills, enhancing their contribution to the agricultural sector and national GDP.
Meanwhile, a €95.16 million facility will finance the construction of three micro-hydroelectric power plants with a combined capacity of 27.6 MW in the Senegal River Basin, located in the prefectures of Mamou and Dalaba. The project will integrate rural communities into the national grid, stimulating economic activity and improving living conditions.
Speaking at the signing, Dr George Donkor, EBID President, said: “By investing in agricultural education, the bank is empowering the next generation of Guinean leaders and entrepreneurs, ensuring food security and economic growth. Simultaneously, investment in clean energy infrastructure enhances essential services for remote communities, improving quality of life.”
Mourana Soumah, Guinea’s Minister for the Economy and Finance, described the agreements as evidence of renewed confidence from technical and financial partners. “Energy and agriculture are strategic sectors for our country. These investments will improve electricity supply and strengthen agricultural training for young people,” he said.
Ismael Nabe, Minister for Planning and International Cooperation, representing the EBID Governor, added that the financing demonstrates confidence in Guinea’s economic and financial governance and reflects the bank’s continued commitment to regional development.
The signing followed a Memorandum of Understanding between EBID and Guinea to support five additional projects worth $665 million in energy, transport, infrastructure, and health.
