By the AFREEQUE newsroom, based on Ecomatin
The Guinean state raised 4,579 billion Guinean francs, or 183.17% of the initial target, through a bond issue in which seven banks took part. Afriland First Bank Guinea provided nearly 30% of the funds, according to Ecomatin.
Ongoing story · day by day
Guinea raises GNF 4,579 billion, or 183% of the target for the Guinean loan.
24 OctGuinean bond raises 4,579 billion GNF, 183% of target
23 OctFirst National Bank relaunches unsecured business loans
19 OctAfriland First Bank leads Guinea’s CFA-franc 166 billion loanAfriland First Bank is leading a CFA-franc 166 billion bond issue launched by Guinea. The bank is drawing on 15 years of experience structuring and placing sovereign issues in Cameroon, according to Ecomatin.
🇬🇳 Guinea · Source: Ecomatin ·
The Guinean government’s bond issue raised 4,579.145 billion Guinean francs, around 530 million dollars, against a target of 2,500 billion. Subscriptions, which closed on 23 October, reached 183.17% of the target for the five-year issue paying 11% interest, according to central bank data cited by Financial Afrik.
🇬🇳 Guinea · Source: Financialafrik ·
Guinean Planning and International Cooperation Minister Ismaël Nabé says £1.8 billion, or about $2 billion, in financing has been signed through UK Export Finance. The funds are intended to support Simandou 2040 projects in water, roads, electricity and education, according to the minister at the Trade and Investment Forum in Conakry.
🇬🇳 Guinea · Source: Africaguinée ·
The Guinean government has earmarked 5,499 billion Guinean francs to keep a litre of fuel at 12,000 GNF, while public investment falls by 2,729 billion. The measure raises the projected budget deficit from 0.7% to 2.01% of GDP, according to figures presented by Minister Mariama Ciré Sylla.
🇬🇳 Guinea · Source: Guinee360 ·
U18 school World Cup: Guinea finish as world runners-upGuinea’s U18 school team finished world runners-up in Suzhou, China, after losing to Croatia 3-0 on penalties in the final. Prime Minister Amadou Oury Bah praised a run of six wins and two draws, reports Africaguinée.
Senegal family allowances would cost 490 billion CFA francs in loansSenegalese MP Amadou Ba estimates that extending family allowances to one million beneficiaries would require 490 billion CFA francs in debt between 2026 and 2029. He details an annual allocation of 140 billion from 2027 and is asking the prime minister for a response with figures.The week in Africa
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