The ECOWAS Bank for Investment and Development (EBID) and the Republic of Guinea have formalised a Memorandum of Understanding (MoU) to strengthen cooperation in financing priority development projects in Guinea. The agreement was signed on April 8, 2026, in Accra, on the sidelines of the 24th Annual General Meeting of the Board of Governors of EBID.
The MoU was signed by Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and Ismael Nabé, Minister of Planning, Development and International Cooperation of the Republic of Guinea.
Under the agreement, EBID will support the financing of six priority projects with a total estimated value of over €310.5 million and $387.9 million within the framework of the Guinean National Development Plan – Simandou 2040. These projects span key socio-economic sectors, including transport infrastructure, renewable energy, agriculture, food security, land administration, and public sector modernisation.
The initiatives include the development of major road infrastructure in Conakry, agricultural mechanisation and poultry value chain programmes, land cadastre modernisation, and the construction of 80 megawatts of photovoltaic solar power plants across four regions.
Speaking at the ceremony, Dr. Donkor reaffirmed EBID’s commitment to supporting Guinea’s economic transformation through strategic, high-impact investments that promote inclusive growth, resilience, and regional integration.
“This MoU marks a key milestone in Guinea’s development agenda,” said Minister Nabé. “We value EBID’s strong partnership and look forward to swift implementation of these priority projects to deliver tangible impact for the people of Guinea.”
This partnership marks a significant milestone in EBID’s role as a trusted development partner to its Member States.