World Bank provides $80mln for development projects in Guinea
Wednesday, 31 July 2019 18:22
The World Bank announced $80 million support for development projects in Guinea. The new aid was granted through two financing agreements signed Monday.
The first $50 million agreement is expected to cover the education sector. Its main objective is to build capacity for the sector’s players, particularly in pre-school education, to facilitate access to education for all Guinean children. The second $30 million financing will strengthen the capacity of small and medium-sized enterprises (SMEs) to generate income and create jobs.
The two agreements are part of Guinea's National Economic and Social Development Plan (PNDES), for 2016-2020. The World Bank plans to grant about $340 million for 6 projects by 2020.
Moutiou Adjibi Nourou
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Zambia's Growth Seen Accelerating to 6.1% in 2026 on Copper Output, Lower Inflation
10:25
-
Nigeria Suspends Gasoline Import Licenses, Signals Shift to Local Refining
10:15
-
South Africa's economy grew 1.1% in 2025, strongest growth since 2022
09:59
-
Senegal Raises 50 Billion CFA Francs on Regional Market but Long-Term Bonds Draw No Bids
09:49
-
Douala Launches CFA350m Paving Plant to Cut Road Costs, Speed Repairs
08:52
-
Cameroonian Economist Songwe Joins Vatican Social Sciences Academy Weeks Before Papal Visit
08:42
-
Twenty Port Authorities Convene in Yaounde to Chart Green Finance and Competitiveness Strategy
08:33
-
University of Lomé students tackle business challenges through digital innovation
08:22
-
Togo begins nationwide polio vaccination campaign following confirmed case
08:11
-
Egypt’s Orascom Group explores investment opportunities in Togo
03:04
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Zambia’s GDP growth forecast at 6.1% in 2026, Fitch says Higher copper output and lower inflation expected to drive growth Kariba dam recovery...
Nigeria suspends gasoline import licenses for second straight month Decision follows rising domestic supply from Dangote refinery Policy...
South Africa’s economy grew 1.1% in 2025, up from 0.5% Fourth-quarter GDP expanded 0.4%, fifth consecutive quarterly growth Services, trade...
Belarus to ship 3,000 agricultural machines to Ghana in 2026 Partnership includes maintenance centres and technician training...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...