EBID signs US$143.2M deal to strengthen agricultural education and rural electrification in Guinea
The agreement will modernize agricultural schools and expand access to clean power in rural areas.
GUINEA – The ECOWAS Bank for Investment and Development (EBID) has signed two loan agreements worth €123.451 million (US$143.2 million) with the Government of Guinea to improve agribusiness education and expand rural electrification.
The signing took place on November 10, 2025, in Conakry, and marks another step toward Guinea’s goal of advancing sustainable growth and job creation.
The first loan, valued at €28.28 million (US$32.83 million), will fund the modernization of four agricultural high schools across Guinea’s four natural regions. The project seeks to strengthen technical training and entrepreneurship among young people. These schools will provide modern learning tools and upgraded facilities to prepare students for the growing agribusiness sector.
EBID President Dr. George Agyekum Donkor said the investment will create long-term value for Guinea’s youth. “By investing in agricultural education, the Bank is empowering the next generation of Guinean leaders and entrepreneurs, ensuring food security and economic growth,” he said. “At the same time, this investment in clean energy infrastructure improves the delivery of essential services to remote communities, resulting in an improved quality of life for the Guinean population.”
The project is expected to increase the agriculture sector’s contribution to the national economy and help meet the country’s Vision SIMANDOU 2040 goals for inclusive development.
Expanding access to clean energy
The second loan, amounting to €95.16 million, will fund the construction of three micro-hydroelectric power plants with a total capacity of 27.6 MW in the Senegal River Basin. Located in Mamou and Dalaba, the plants will connect rural areas to the national power grid, supporting small industries and improving livelihoods.
Guinea’s Minister of Economy and Finance, Mr. Mourana Soumah, welcomed the agreements, saying they highlight growing international trust in the country’s progress. “Energy and agriculture are two strategic sectors for our country. These investments will improve the electricity supply and strengthen the training of young people in the agricultural sector,” he noted.
Minister of Planning and International Cooperation, Mr. Ismael Nabé, who also represents Guinea on EBID’s Board, added that the funding reflects strong confidence in the country’s financial governance and EBID’s dedication to regional progress.
The signing ceremony followed a Memorandum of Understanding between EBID and the Government of Guinea to support five major projects worth US$665 million. These cover energy, transport, infrastructure, and health, further reinforcing Guinea’s cooperation with regional financial partners.
With this latest agreement, EBID continues to support projects that improve education and access to reliable energy, two key drivers of social and economic transformation across West Africa.
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