AFG Bank Guinea strengthens its offensive in the Small and Medium-sized Enterprises (PME) market. Indeed, the bank and Proparco, a branch of AFD dedicated to private sector financing, have concluded an agreement for the mobilization of 60 million euros, approximately 38,21 billion FCFA, aimed at increasing the financing capacities of Guinean companies and supporting their international trade operations.
Through this operation, AFG Bank Guinea intends to scale up its support for the local entrepreneurial fabric. The bank plans to double its portfolio dedicated to PME from 60 to 120 million euros by 2027, while tripling the number of businesses benefiting from its financing and services.
See also - Proparco and Atlantic Group enter into a strategic partnership in Africa. In detail, the mechanism implemented with Proparco includes two components.
The first involves 35 million euros in loans dedicated to PME, approximately 22,29 billion FCFA. This envelope should allow AFG Bank Guinea to increase its intervention capacities for companies needing resources to finance their investments, growth, or cash flow requirements.
The second component represents 25 million euros, approximately 15,92 billion FCFA, in the form of Trade Finance guarantees. These guarantees are intended to facilitate international trade operations for Guinean companies by further securing their transactions.
For AFG Bank Guinea, the challenge is therefore to simultaneously strengthen domestic financing for PME and their capacity to access international markets. The House of PME relaunched.
The agreement also provides for the relaunch of the House of PME, a mechanism intended to strengthen non-financial support for businesses. AFG Bank Guinea intends to rely on strengthened teams and an expanded offering to better meet the specific needs of PME.
This ramp-up should result in a significant increase in the number of businesses supported. The target is to triple this number, while nearly 3 800 direct and indirect jobs are expected to be maintained or created through the operation.
Beyond the volumes of financing, AFG Bank Guinea is thus seeking to consolidate its positioning within a segment considered essential for the development of the private sector and job creation. For AFG Bank Guinea, this agreement reflects the group's desire to further place its financial capacities and network at the service of businesses that participate in the transformation of African economies.
Published on 07/10/26 15:45. Narcisse Angan