The African Development Fund (ADF) has granted a $14.15 million loan to Guinea-Conakry to strengthen institutional capabilities for industrial development and bolster the resilience of small and medium-sized enterprises (SMEs).
This funding will fuel a program aimed at enhancing public service quality for SMEs, alongside a growth and resilience initiative specifically designed for their needs.
The loan’s terms include a 50-year repayment period with a 10-year grace period, during which Guinea-Conakry will pay a 1% service fee on funds disbursed and a 0.75% commitment fee on undisbursed funds.
