Guinea-Conakry Secures €500M Loan Modernize Road Infrastructure

Guinea-Conakry has ratified a €500 million credit agreement to finance key national road and infrastructure projects.

Announced on June 16, the new agreement was approved by the country’s President Mamadi Doumbouya.

The initial loan agreement was signed in December 2024 between the pan-African finance institution the African Export-Import Bank and Guinean bank Banque Vistagui, and aims to support the construction, modernization and rehabilitation of roads across the country.

The funds will support five priority road projects across Guinea-Conakry, as part of a larger €951.2 million national infrastructure program.