The Guinean government has officially launched a public call for savings to finance its development projects. The Ministry of Economy, Finance, and Budget, in partnership with several financial institutions, including Afriland First Bank, has issued a bond worth 2,500 billion francs guineens (GNF). The operation, which runs from September 25 to October 23, 2026, aims to strengthen domestic financing for the state and diversify its funding sources.
The bond issue is led by Afriland First Bank, which has been designated as the arranger, advisor, and lead manager of the issue. The bond consists of obligations with a nominal value of 5 million GNF, a five-year maturity, and an annual interest rate of 11%. The capital will be amortized annually, and coupons will be paid each year. The operation is open to individuals, companies, investors, and industrial actors, with tax exemptions.
The Director General of Finances praised the mobilization of financial sector actors and their confidence in the state's signature. He explained that this operation is part of the authorities' desire to strengthen national resource mobilization and deepen the Guinean financial market. According to him, the Guinean economy is experiencing sustained growth, driven by major mining projects, with inflation under control and a public debt ratio of around 37% of GDP.
The government's objective is to mobilize 2,500 billion GNF in 2026, after having raised 1,500 billion GNF in 2025. The funds collected will be used to finance infrastructure, transportation, agriculture, energy, agro-industry, education, training, and social development. Afriland First Bank has been reconducted as lead manager for the third consecutive time, with its administrator general expressing satisfaction with the bank's participation in this operation.
The Guinean Minister of Economy, Finance, and Budget, Mariama Ciré Sylla, has placed this operation within the broader framework of the country's economic transformation. She emphasized the acceleration of economic growth, the mastery of macroeconomic balances, and the strengthening of Guinea's financial credibility. She also mentioned foreign direct investments, the agreement with the IMF, and the various reforms undertaken by the government.
The Minister highlighted the importance of mobilizing domestic savings and deepening the financial market. She stressed that the Simandou 2040 vision aims to transform natural resources into infrastructure, energy, jobs, and competitive Guinean companies. The government is also preparing the creation of a Guinean Sovereign Fund to preserve and grow part of the national wealth for future generations.
The Central Bank of the Republic of Guinea (BCRG) and the Professional Association of Credit Institutions of Guinea have expressed their support for the operation. The Minister called on banks, insurance companies, financial institutions, companies, entrepreneurs, individuals, and members of the diaspora to participate in the operation, emphasizing that the financing of Guinea's development must be done today.
Key points
- The Guinean government has launched a 2,500 billion GNF bond issue to finance development projects.
- The bond issue aims to strengthen domestic financing for the state and diversify its funding sources.
- The funds collected will be used to finance infrastructure, transportation, agriculture, energy, agro-industry, education, training, and social development.
