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
-
A Looming Fertilizer Crunch Raises the Risk of Global Food Inflation
19:49
-
Chad Expands Power Investment but Still Faces a Deep Energy Deficit
19:37
-
South Africa Once Hosted the G20. Now It Is Being Shut Out
19:03
-
BDEAC Backs Feasibility Work for Cameroon’s $1B Minkouma Power Project
18:44
-
As Bank Lending Falls Short, African SMEs Turn to Alternative Finance
18:42
-
BGFIBank Cameroon Signals Expansion With Bigger Payout and Capital Hike
18:40
-
Camtel Explores UK Satellite Option Amid Caution Over Starlink
18:39
-
AfDB Funds Nigeria’s $2 Billion Fiber Plan to Expand Broadband Access
18:30
-
Mixx Togo joins BCEAO payment platform, enabling cross-border transfers across UEMOA
17:06
-
Orange Group Pivots to Africa for Primary Revenue Growth Through 2030
16:57
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
FAO urges countries not to restrict fertilizer and energy exports War-linked disruptions threaten global supply and drive prices higher Food security...
Parliament approves loans for second phase of electricity reform program Project aims to improve access and strengthen national energy system Severe...
South Africa excluded from 2026 G20 under U.S. presidency Diplomatic tensions with Washington deepen after public disputes Absence risks...
AfDB approves $200 million loan to expand Nigeria’s fiber network Project aims to extend coverage nationwide and boost broadband...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...