EBID Funds Guinea’s CleanPush

Key Figures & Findings: The ECOWAS Bank for Investment and Development (EBID) and the Government of Guinea signed two major loan agreements totaling €123.451 million. The funds will finance critical infrastructure in two strategic sectors: agricultural education and clean energy. This renewed partnership reflects growing confidence in Guinea’s economic governance from financial partners.

Statistics & Insights:

•  Total Loan: $134.05 million (€123.451 million).
  

• Energy Investment: A $103.26 million (€95.16 million) loan will fund the construction of three micro-hydroelectric power plants totaling 27.6 MW within the Senegal River basin.
  

• Education Investment: A $30.68 million (€28.28 million) loan will modernize four agricultural high schools across Guinea’s four natural regions.

Source: Financial Afrik

Quick Take: Guinea secures EUR 123M for schools and small hydro ⚡🌍