Guinea: USD 14 million loan from the African Development Fund will support industrial development and resilience of Small and Medium-sized Enterprises (SMEs) [Video]

The Board of Directors of the African Development Fund (https://apo-opa.co/3VAvcHY), the concessional window of the African Development Bank Group (www.AfDB.org), has approved a loan of US $14.04 million to Guinea for implementation in the country of the Industrial Development and SME Resilience Support Project.

The financing comes from Pillar 1 of the Transition Support Facility (https://apo-opa.co/4eIc1VA), an AfDB financing instrument for fragile and transition countries. It will enable Guinea to strengthen its institutional capacity to promote industrial development and resilience of small and medium-sized enterprises (SMEs).

The project focuses on improving the capacity of the West African country to plan, coordinate, monitor and promote industrial development. It will also enable a programme to be put in place to support the growth and resilience of small enterprises and industries and to strengthen the delivery of public services to private business.

The main challenge, which the project seeks to …