AFG Bank Guinée signed two agreements worth a combined €60mn with Proparco, the French Development Agency AFD's private-sector arm, on October 6, Guinéenews reported. They include a €35mn senior loan for small and medium-sized enterprises (SMEs) and €25mn in trade-finance guarantees. The bank aims to double its SME loan portfolio to €120mn from €60mn by 2027, the report said.
Analysis: The €25mn guarantee facility represents about 2% of Guinea's August imports of 12.5tn GNF (€1.26bn), by our calculation. It should improve access to trade finance without transforming the market. Doubling the SME portfolio would mean roughly €60mn in additional lending, beyond the €35mn Proparco loan, so deposits or other lenders would likely fund the balance. Smaller importers could benefit if the facility supports more letters of credit. Neither party has disclosed when funds will be available, while the portfolio target runs through 2027.
Source: Guinéenews (private), Guinéenews, 7-8 Oct 2026, Signed 6 Oct 2026 and by 2027 (target); Institut National de la Statistique (INS), data from Direction Générale des Douanes (SYDONIA), INS, Note sur les statistiques du commerce extérieur - Août 2026, August 2026