- AfDB approves financing for electricity access in Guinea.
- The funds will be used to extend electricity in six towns.
The African Development Bank (AfDB) is set to improve electricity access in Guinea. The bank will provide USD 66.39 million in funding for the electrification of six communities.
According to a report by Afrik Africa, of the US$66.39 million in funding to Guinea, US$13.54 million is being provided by the African Development Fund (ADF), the concessional lending arm of the African Development Bank (AfDB) Group. The bulk of the funding, $52.85 million, is being provided by the African Transition Facility, an autonomous entity within the AfDB Group dedicated to supporting fragile and conflict-affected states.
Guinea is undergoing a transition following the military putsch that overthrew former president Alpha Conde on 5 September 2021. The transitional body, the National Rallying Committee for Development (CNRD), headed by Colonel Mamadi Doumbouya, is continuing to implement the Guinea Electricity Access Improvement Project (PAAEG), for which the AfDB Board of Directors has just approved financing.