GUINEA - Industrial Development and SME Resilience Support Project (AFDB-P-GN-BG0-003)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Guinea
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 25, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Guinea
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 13.85 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 119,237.2664
Converted using 2024-06-25 exchange rate.
Loan Amount (USD)
$ 13.85 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 15.24 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 131,160, 993
Converted using 2024-06-25 exchange rate.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Feb 18, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the AfDB, the project's development objective is to strengthen institutional capacities for the promotion of industrial development and SME resilience in Guinea. Specifically, the project will support the improvement of capacities for planning, coordinating, monitoring and promoting industrial development, the implementation of a program to support the growth and resilience of SME-SMIs, and the strengthening of public services for businesses in the sector. Through this support, Guinea will equip itself with the necessary capacities to promote the development of new productive capacities that will contribute to the diversification of the Guinean economy, job creation, and the initiation of a real process of structural transformation and to reap the productivity gains needed to improve the quality of life of Guineans and strengthen Guinea's economic and social resilience.

Guinea has considerable untapped potential for industrial development. Realizing this potential through the industrialization of the Guinean economy and a sustainable increase in productivity should help meet the social challenges facing the country. The aim of this project is to build institutional capacity to address the above-mentioned development issues, drawing on the consolidated comparative advantages of the Bank in Guinea. The project contributes to climate finance, with 3 million USD of the total approved amount dedicated to adaptation.

The Project is national in scope and should directly or indirectly benefit all players in the industrial private sector. The private sector, women and young people, women and men, will benefit from increased opportunities through the strengthening of the private sector support ecosystem, enabling them to better seize the opportunities offered by the new industrial policy and the provisions of the local content law.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AfDB Team Leader:

Ma Soukha Ba
Email: m.s.ba@afdb.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

How it works

How it works