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- The African Development Fund is helping Guinea to build institutional capacities that can facilitate industrial development and strengthen the resilience of its SMEs
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Guinea: USD 14 million loan from the African Development Fund will support industrial development and resilience of Small and Medium-sized Enterprises (SMEs)
The goal is to speed up economic transformation through stimulation of SMEs, including women's SMEs, industrial modernisation and exports, making the economy more competitive and promoting private investment
The Board of Directors of the African Development Fund (https://apo-opa.co/3VAvcHY), the concessional window of the African Development Bank Group (www.AfDB.org), has approved a loan of US $14.04 million to Guinea for implementation in the country of the Industrial Development and SME Resilience Support Project. The financing comes from Pillar 1…