The African Development Bank (AfDB) intends to extend its cooperation with Guinea-Bissau by two years to 2028, Economy Minister Mamadu Mudjetaba Djaló said, according to state news agency ANG on November 3. The bank has begun reviewing its 2022–2026 strategy for the country, which ends in December, he said. The bank's regional director, Lamin G. Barrow, put its portfolio at about $235mn for 14 ongoing projects. The minister described the same 14 national and regional projects as worth more than $245mn.
Analysis: The extension would set the bank's priorities for 2027 and 2028. The regional director named energy links through the Gambia River basin body OMVG, the Tanaf road corridor to Senegal, roads to Guinea and cashew processing. Processing remains small: a 25,000-ton plant that the minister said should open in 2028 would handle about 11% of this year's 230,000 tons of exports, by our calculation. The West African Development Bank put local processing at about 10% of the crop in March. ANG did not say who will finance the plant. The AfDB has not published a date for approving a new or extended strategy.
Source: Agência de Notícias da Guiné (state news agency, Bissau), Agência de Notícias da Guiné (ANG), 'BAD avalia execução de projetos na Guiné-Bissau e prepara nova estratégia de cooperação', November 3, 2026, November 2026; Agência de Notícias da Guiné (state news agency, Bissau), Agência de Notícias da Guiné (ANG), November 3, 2026, 2022-2026; extension to 2028 and 2028 (planned); Direction générale du Trésor, Service économique régional d'Abidjan / SE Dakar, DG Trésor, Brèves économiques Afrique de l'Ouest n°644 (25 Sep 2026), citing Ministério do Comércio e Indústria, 2026 campaign to 22 Sep; Banque Ouest Africaine de Développement, BOAD press release, 'Filière cajou : La Guinée Bissau et la BOAD lancent la SOCA GB SA pour accroître la valeur ajoutée locale', Bissau, 13 March 2026, March 2026 (current); 2030 (target)