World Bank, BOAD and AFD pledge billions for development projects across Guinea, Benin, Togo and wider West Africa

The World Bank Board approved a new Country Partnership Framework for Guinea that could mobilise more than $3 billion between 2027‑2033, with an immediate $291 million tranche for commercial agriculture, youth employability and public‑finance reforms. The plan aligns with Guinea’s Simandou 2040 strategy and aims to broaden economic diversification and job creation.

The West African Development Bank (BOAD) authorized 344.6 billion FCFA (about $600 million) of new financing for UEMOA members, supporting agriculture, transport, energy and industrial projects in Niger, Togo, Burkina Faso, Côte d’Ivoire, Mali and Benin, among others. Highlights include irrigation upgrades in Niger, a new multimodal dry port in Burkina Faso, solar and diesel power plants, and expansion of cement capacity.

Atlantic Financial Group (AFG) launched the AFG Bank brand in Guinea after acquiring Société Générale’s local operations. AFG will focus on infrastructure financing, SME support, digital banking services and diaspora remittances, emphasizing the Simandou mining project’s growth potential.

The African Development Bank approved about €656 million (≈ 459 million FCFA) for a joint water‑management project in the Mono River basin, benefiting Benin and Togo. The programme will produce a basin‑wide master plan, implement two climate‑resilient pilot projects and strengthen institutional capacity for sustainable water use.